I use acrylics exclusively and use 99% isopropol alcohol to thin them down. (- rubbing alcohol from the local pharmacy ) the paint almost dries on contact depending on how thin the paint is - usually as thin as milk, and it's a heck of a lot cheaper than Tamiya acrillic thinner (I've never experienced ANY advantages in using Tamiya thinner!) Thinning with water on the other hand takes longer to dry and the paint doesn't 'stick' as nicely - it can be 'pushed' away easily with the airbrush..
I found that household ammonia is a great cleaner for air brushes etc. It's cheap and probably not as toxic as acetone or other popular cleaners. I just drop parts for cleaning into a small jelly jar filled with the stuff - use tweezers! Though household ammonia is strong, one can also use the weaker 'Windex' or any other glass cleaner with ammonia for quick spray and wipe cleanups - even as a thinner for paint, - but expect a bluish tint ;-)
For gloss-coating; Future acryllic floor polish also thins nicely with isopropol alcohol for airbrushing. Dipping parts in Future offers great glossy results. just wick away excess with a tissue along the edges.. Future seems to clean up best with household ammonia.