I have decided to have a go at the rust on my tailgate myself. There's three patches, one by the lock - this is bubbling and has a hole just big enough to get my little finger in. The second is a 2p size bubble. The third is also about 2p size, but is partially hidden under the rear window seal. Here's my plan.
Remove rear window.
Remove number plate.
Remove trim around lock.
Using wire brush on drill, remove all bubbling in affected areas, down to bare metal.
Fill hole with Isopon and sand flush.
Apply primer.
Apply top coat.
Is any part of this going to be very difficult or have I not thought anything through? I've never done any bodywork before, but I've never owned a £300 car before.

Do I use Isopon P38 or P40?
Do I need mesh?
I don't have a compressor so plan to use aerosol paint. I plan to make a mask so that the already painted parts of the tailgate aren't affected. I'm assuming that touch-up kits will look crap as the brush marks will be visible?
How many coats of primer and top coat? Does it need lacquer on top? (It's not metallic.)