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first coat didn't came out to well. i thined paint about 20-25% with mineral spirits, hvlp gun 35psi on gun got so many runs with first coat, now need to wait to dry and wet sand this @#$%.

any advice befor next coat?

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test on an old hood, i can't stress this enough, you have to learn the paint, process ect.....
I've sprayed the paint before, using a HVLP gun, and it flowed and sprayed perfectly, actually the nicest paint i've ever sprayed, and the workability was incredible. If you got runs, you for sure put too much paint, or thinned it too much. Have you painted before?
Don't stress too much, let it dry a day and wetsand with 600-800, it will go quick. I could wetsand that car by hand in about 3-4 hours regardless of how much peel there is, and runs. If you shoot it right, you should wetsand that car in less than 1 hour. Don't wait too long for it to dry, it will be harder to wetsand.