Hi all, i've just completed my own spraybooth. Due to the size of my workshop (see 'shed'!) or lack thereof i made it from 6mm MDF and hinged the sides so that it folds flat onto itself (it's a back draft type so this helps on that front). for light i'm currently using an anglepoise lamp, mounted to the wall. not ideal but it solves the problem for now.
From what i've been able to work out, bathroom fans are unsuitable because of the thinners used in spraying. There is a danger that they can get into the motor windings and cause a short and potentially a fire / explosion. Explosion proof motors seem to be freely available in the U.S (i'm in London, England so this is purely speculation based on internet searches) but a good alternative is co-axial fans from home computer or electronics supply stores. These generally have epoxy impregnated windings and mains operated versions are available. Mine cost £15 each so they're not prohibitively expensive either.
If you're serious about the construction as i wasn't, then modelersite has an informative article about design (www.modelersite.com/Abr2003/english/Spray-booth-design_Eng)
My booth doesn't seem to have quite enough suction so i'm going to be adding a top fan too, linked to the back via some trunking or somesuch. Home computer shops can also provide fan guards with built-in filter retainers. I've found these helpful whilst my search for a large piece of suitable foam continues.
Rob