I use 1200 grit wet and dry paper. I do it carefully and slowly. I do not use power tools such as Dremel, though some people do. I take my time and as soon as the coating gets thin I take it easier.. I don't work on rubbing away copper. It is easy enough, but you need to take your time and practice. Cheap 2GB SD cards a lot of times have the larger pads to practice on.
I use a stereo microscope to solder under. You can pick up one of those that will work just fine for under $200
some monoliths have traces that need to be soldered to that are less than .010mm
see the result here of one of the easiest to solder to:
http://forum.hddguru.com/viewtopic.php?f=13&t=27712