I did a DIY respray last summer on a steel frame. Heres what I researched and learned (credit to
@allenh for the great thread on this).
I was advised against sandblasting old paint off - it can perforate thin steel tubes and is better suited to thicker guage metal.
I went for cheap and cheerful no nonsense screwfix paint stripper. All paint stripper bar very expensive trade / aerospace strippers are way less strippy than they used to be so you need to be patient and blob on several coats. Having the metal hot amps the effectiveness of the paint stripper - as does blobbing in on and then putting a thin sheet of polythene on top and forcing the stripper to sweat into the paint and not evaporate.Using this method I was able to soften most of the paint in one round.
Next is scraping - the soft paint should now come off in strips with a scraper. Not all of it though and the fiddly bits...well you need to go to the next stage.
Back to screwfix and some wire brush fittings for a drill. Hit the bits that didn't shift with stripper or just flay off bits you can't be bothered to scrape. Good for getting around the BB and lugs on a steel frame. This should get you to bare metal.
Clean the frame like a nutcase. Used three cans of brake cleaner but acetone or isopropol is also good if you have it.
Now its bare metal, best be getting some primer on sharpish. I used Acid 8 etch primer (2 coats).
1500 wet paper now to give the paint something to key into. If you've not got any you can go for coarser but go easy. Clean with alcohol/brake cleaner after a sanding.
Get some paint on. If you did all of the above don't mess about, get some 2K paint (avaialble in aerosol but about £20 a can). Mixed 2K is best sprayed in the first 2 hours from activation. Pay attention to dry time and when you can do a second coat. You need 2 coats minimum.
Again, fine wet sand the paint as gently as possible, clean off with alcohol etc and apply decals.
Get some 2K laquer on there to seal it all up.
Its a time consuming faff and materials probably cost me £110. But I got paint I want in a rare RAL colour and I'm happy with the job I did. You really want to be doing this when the weather is warm outside or if you're lucky indoor with the room hot. Aerosols justy won't work that well below a certain temp. As long as you are methodical and take time when you prep and then try and get the primer and paint on in a timely fashion you'll be ok. If you mess up then strip back and go again