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For maximum stability, install grab bars on wall studs, as this will adequately support the weight. However, if you don't have access to studs, you can get by with wall anchors. If opting for the latter, choose specialty hollow wall anchors. 

Beadboard is a decorative element and lacks the structural integrity of drywall. It cannot hold much weight and is not meant to be used as an insulator or moisture barrier, like drywall is. In almost all cases, beadboard is placed over an existing wall surface which, in modern days, is usually drywall, but decades ago could have been wood paneling.

Drywall mud should be left to dry for at least 24 hours before sanding, though drying time depends on the thickness of the application, humidity, and room temperature. Thicker layers or projects done in high humidity may require 48 hours or more of drying time. You’ll know the mud is ready when it feels completely dry and appears light in color throughout. Sanding too early can cause smudging or gouges, so patience is key for a smooth, professional-looking finish.

It doesn’t matter which way you lay drywall, and you can choose to install it horizontally or vertically depending on the size of the wall and how tall the ceiling is. It’s easier to lay drywall sheets vertically if you have a taller ceiling, but laying sheets horizontally makes it easier to apply joint compound.