With that said, here's the reality of that particular scenario. Painters do put water in the paint, but not for reasons you would think. Some materials need to have their viscosity manipulated in order to slow drying time, allowing gravity to 'smooth' out the product for a better finish. It also prevents 'drags' and 'sausages'. I personally try not to do it too often, but from time to time I have to. I want my client to have a proper finish.
"I hired Medina to complete a restoration and paint job for the outside of my house. They were very fair in their pricing and did an excellent job. My GC was skeptical that they could do a good job considering the scope of work and the price given. Mr Medina completed wood replacements, facia restoration and complete outside paint job on time and within budget. He suggested additional restoration during the project and his recommendations were on point and didn’t add much to the cost. I couldn’t be happier and my GC asked for his business card after inspection. Will use again when I can complete the concrete work. Thank You *****"
We hired Harvey's to do the exterior of our house. There were a lot of cracks within the stucco due to the builder doing a horrible job. Harvey's crew came over, repaired the cracks, and painted the house. The crew that showed up did an excellent job, and cleaned up after they were done. Before they left, the entire crew went around the house and looked for areas that needed to be touched up. I then walked around and to my surprise, found no areas. I would highly recommend this company.
You can save a bundle by doing the labor yourself. The biggest DIY expense is paint. Other expenses include buying or renting supplies and equipment, like caulk, primer, brushes, rollers, tarps and ladders or scaffolding. Freeman advises applying paint with brushes, not a sprayer. “If you overspray all the window frames and overspray your shingles and your sidewalks and the brick on the front of the house, you do damage that is not easily fixed,” he says.

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Complete the EPA’s Renovation, Repair and Painting (RRP) program. As of 2010, all painting contractors in the United States must be officially certified to work with lead-based paints. The purpose of the RRP program is to inform new contractors about the risks and proper safety procedures for working on properties that contain hazardous materials.[2]
Few homeowners bother reading the tiny print on the paint can label, but they should. There's a wealth of information printed right on the can that can help you produce a beautiful paint job. Pay particular attention to the instructions about prepping the surface and outdoor air temperature. Most paints shouldn't be applied when the temperature is 50 degrees F or colder. But some paints are specially formulated for application when the temperature is as low as 35. Just take the time to read the label before you start painting and before the label becomes smeared with paint and impossible to decipher. 

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Painting contractors work in the property maintenance sector. Depending on their skills and resources, they might specialize in painting different types of buildings, including houses and apartments, or commercial properties, such as offices, factories or retail outlets. Some contractors work directly for property owners; others find work through real estate firms, rental agents and property maintenance companies. House Painting Westminster Colorado
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