@Alan Miegel I don't think deeper value adds are a greater risk-adjusted return than lighter value adds.

I carved out a few afternoons and weekends that I'd work lighter so that I had some time to devote to real estate.

The back dark patio can use a coat of gray or lighter paint.

you are probably right the lighter colors are tougher to see any fading.

Menards has Shaw Jules carpet (frieze) in 2 colors (brownish and lighter brownish) for .69 cents a sqft.

,,,,,the good news is you aint gonna have any coins,toothpicks ,Bic lighters,pagers,lipsticks,pocket knives,cold cream jars, or little bitty plastic Teenage Ninja Turtles fall down that cotton picking drain with a good healthy ,,,GRID STRAINER !!!!

(Makes it sound like there's a real guard dog inside.)Then before any showings, I get to the house a little early and open all the blinds (makes it look lighter, brighter and bigger) and unplug the dog alarm. 

Anything else will need be evaluated.Kerdi shower systems are tile, and lighter weight.... so that could be a solution but it comes at a premium.For a college rental I still vote prefab by a mile.

My handyman and I completed several items on the list:- New Flooring, vinyl throughout- New Paint, lighter colors- New toilets, vannities- New Kitchen countertop -Quartz- New Fixtures- New Dishwasher- New clothes washer & dryer$15,000 in repairs later, I was $210,000 invested.

It's pretty bright white color and makes everything lighter and brighter inside.