Turnkey Light / Wholesale

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Hi! I've recently found out there are some turnkey providers that do turnkey wholesale, or turnkey light, where the investor purchases the property at the distressed stage and the turnkey provider then rehabs and manages the property. Since I'm looking to invest from abroad this greatly appeals to me since I'd have to only vet one provider instead of an entire team of people and I would have my 'boots on the ground'. I believe the biggest benefit of this would be the forced appreciation through the rehab you otherwise would not benefit from when purchasing traditional turnkeys. Which in turn means you can refi and pull most of your cash out. I would like to know if such a service exists and if anyone has had any experience with this. Also, assuming it does exist, why would a turnkey provider offer this service when they can have the whole cake and eat it too while selling traditional turnkeys?

Thanks for all your help!