Turnkey rental sold at wholesale????

[Curt Bixel]

I see some "Turn Key" rentals for sale from wholesalers.  I can't really figure out why anyone would rehab a property, make it fully ready for renters, and then sell it at wholesale prices.

Does a Turn Key rental for sale from a wholesaler pretty much equal a crappy rehab without permits pulled that simply cannot be sold on the MLS because the seller knows that if a real property inspector were to ever step foot in the place, that the buyers would run for the hills?