Aw c'mon guys, it's easy!
http://vintagebus.com/howto/paint/
A weekend to strip the parts, one week to do bodywork and prep, a weekend to paint, a week to colorsand, a weekend to assemble. Piece of cake when you're unemployed!
Actually, painting a car yourself is a very rewarding experience, but it's not for the impatient for faint of heart. The payoff is very visual and very rewarding in direct proportion to the amount of effort.
And while the paint isn't cheap, it's not hideously expensive, so if you do fsck it all up, you can always punt and have a shop re-paint it. If you botch an engine rebuild, I think it would be much more expensive to get yourself out of the jam.
I guess I'm weird. I'll paint my own cars, but I won't rebuild my own engine.