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You will get lots of opinions on this subject. First off, if you do most of the other types of work on your old cars and you consider yourself careful, patient, and very detail oriented, then you may be a candidate for painting. If you are OK with putting in lots of time (100 to 200 hundred hours plus) you may be ready to try painting. If you want to save a ton of money, you are a candidate.
The new single stage urethane paints are great and can be color sanded and buffed to perfection. I think Eastwood may be a little pricey for paint and body shop supplies. I would find a good local body shop supply company for primer, sandpaper, solvent, tape advice etc. Then go to a real auto paint store, Dupont, PPg ,etc for your finish paint. Buy a decent spraygun from TCP Global (DevilBiss ) for about $300 . You can put plastic tarps in a garage and it will work fine. However renting a spray booth is probably the way to go when it comes to the final paint.
Remember that it is prep, prep, prep and then prep and then prime. Then sand, sand, prep, prep and reprime. This goes on a long time and then consider starting to paint.
I did my 32 in the garage and it looks good, (at least to me)
My opinion