If you have good RE experience like you do, along with some good capital to put down as "skin in the game" , my personal opinion is that I would probably try to make it work. 

I would have more skin in the game with a lower LTV.

If you have cash, hold on to it and use it as your "skin in the game."

the price is going to be the price. it's not going to give you that much stress compared to a contractor that uses paint that varies in price/color every single time.Let's face it. your not going to be using the same contractor all the timeif you're looking to do White and paint over good texture I would go with Maintenance Paint, from Lowe's, 5 gallon is about $40 to $50 then if you wanted an accent color or something else pick a color and paint every single unit that same color, do not deviate.

I’m not familiar with NWROI, so I’m stumbling in a dark a bit with this response but I’ll have at it anyways.The key “lever” being pulled with a house hack is the Cash on Cash return (comparing the cashflow the asset throws off with the initial cash invested).  

There are custom interior doors that are dark green and I plan to keep those as is or should I paint them?

There are many ways to skin the cat.  

Owning your own property will give you skin in the game and let you make sure that you want to be a real estate investor without taking on too much risk.

More clearly stated, Jason's example, most likely, displays the dark side of insurance, where the only reason there is potentially a case against the landlords insurance company (not the landlord), is because the landlord had insurance. 

Total shot in the dark but is anyone aware of any buyers interested in nonperforming unsecured notes?