One of the reasons properties are cheaper at auction is the buyer takes more risk and are expected to do their own due diligence.

When i'll say lower end I mean using the cheaper laminate flooring, cheaper cabinets, cheaper countertops etc.

So shall you Reap " Trading in such merchandise Keeps you further away from the " Winner's Circle" .Cheaper Prices-Lousy Deals!

Hell I can get a used dishwasher cheaper than a 24 inch cabinets will cost.

Shelter is who most local investors I know use and they were cheaper when price shopping for our REI properties.

If it was a small fire, then yes, simply remodeling the kitchen could possibly fix the problem, and could possibly be cheaper than you think, especially if you go with all new energy efficient appliances (you can qualify for government tax incentives and breaks).

End up with a property for a cheaper price.

The only reason it is not a B house is it is a 1972 house so it has fixtures and molding from the 70's but it is in good shape and the area is appreciating at about 3.4% per year.We have looked at cheaper properties but just can't stomach the neighborhoods. 

By the by, I know there are cheaper ways to automate hallway lighting, but I bought the new timer already, and besides, my curiosity is piqued.

Way cheaper than hiring someone, if you have the time to do it.