The questions are no problem, if you have questions, someone else is bound to wonder the same things.
My walls are made of a plywood with a sanded face, so the surface was smooth. To give the glue some better chances at adhesion, I scuffed the wall with some rough grit sandpaper.
After that, I test fit the canvas, tacking it in place with thumbtacks to ensure that it all fit, I then left the top tacks in and rolled the canvas up on the roof so it was out of my way.
Then I took the TBII glue and poured it into a milk jug, added some water (not very scientific or calculated, just until it seemed "runny" enough), and shook it up to mix it, which seemed to mix/thin the glue out well. I then used a foam paint roller (the dense kind like for painting cabinets and trim) to spread a layer of glue on the wall. Once I figured the wall was covered enough, we began to roll the canvas and work the bubbles out.
The wetter the canvas is, the better it will smooth out. According to the people in the Foamies section, the glue is mainly just to hold it to the wall, the paint layers actually are supposed to saturate the canvas and add the waterproofing effect. In order to get it smoothed out and work the bubbles out, we just slathered more watery glue onto the surface. From what I understand, it works just as well to use only paint and no glue at all if you have a wood backing, its just more messy. Once the glue dries some more I'm going to trim the edges and paint it with a few coats (just using discount mis-tint / "oops paint" for the base layers, and will go buy my finished color in a smaller quantity for the final layer).
My two bits, I hope it answered some of your questions, Dales. I'm by no means an expert or anything, as this was my first run at it. If you have concerns, try the process out on something smaller first... or just leap in headfirst on a full wall like I did

. You could get some practice in by covering a plywood cargo box or something of the sort.
Jesse
Edit: parting thought before I head off to sleep--I'd suggest working outwards from the middle, it helps to cut down on the bubbles. We had to readjust the front corner, as might be able to see from first picture above, the middle ended up having too much "slack" around the door, so we had to pull it forward and down to tighten up the canvas.
Never mind the maneuvers, always go straight at 'em. - Horatio Nelson