Turnkey Property Price vs. Market Value

[Michael S.]

I'm looking to make my first real estate investment and am seriously considering the turnkey option due to not being able to buy cash-flow properties in my area and a strong interest in jumping into my first investment with a bit of help. 

Prior to going down this path, I wanted to get a sense of how turnkey property prices compare to actual market values for similar properties on the MLS. Would I be paying a premium for a turnkey home or do turnkey providers generally make a profit from efficiencies in renovation, discounts in purchasing and long-term property management in order to provide a win-win situation?

Thanks in advance for the responses.