Long term track record of Turn Key properties?

[Tom V.]

I'm curious if there is anyone out there who has owned Turn Key properties longer than 5 years?

The turn key approach sounds interesting, but most of the information I can find is relatively recent. People posting how great their Turn Key properties are, and how great the cash flow is, but they've been into them less than a year or two. I'm looking for information on the long term viability of buying turn key properties (10+ years). 

It seems like most of the properties advertised on various turn key websites appear to be in declining neighborhoods. Sure, the house you buy has been rehabbed, but most of the neighboring houses have not. You're basically buying the most expensive house on the block. Am I wrong?

Is there anyone out there who has owned turn key properties for more than 5 years? Please share your experiences if you would. Thanks.