Open the garage door.
Dust cobwebs and dirt from the drywall with a broom.
Cover the garage door tracks with low-tack blue painter's tape. Tape masking paper around them if they lie close to the drywall. Cover the garage floor with fabric dropcloths.
Pour 1 gallon of satin latex paint into the 5-gallon bucket. Stir in 1 cup of water, using a wooden stir stick. Stir for five minutes.
Apply two coats of the diluted paint to the garage drywall, using a roller frame, nap roller cover and extension pole. Coat areas of the drywall you can't access with the roller with a paintbrush manufactured for use with water-based paints. Allow one hour of dry time after each coat.
Coat the garage drywall with a single coat of undiluted satin latex paint, using the roller and brush.