Need a place to invest $500k

[Dan Engberson]

My father is selling his rental home in CA. It should get him around $500k. He is nearly 80 years old so he wants to simply put it into a safe investment like a bond, CD, etc. I am trying to convince him to put it into real estate. However, even though he did not manage his property himself he still had to deal with it sometimes and now that it's vacant he would have to get it ready to re-rent. He has no interest in having to deal with anything like this anymore. At his age he's more interested in having no headaches than he is in ROI. So here is my question:

Does anyone know of good turnkey providers that have inventory available? I'm on the waitlist for several and have been for months, and he will need to pull the trigger on this in the spring. Also, the provider needs to pretty much handle everything so he doesn't have to. 

Could anyone make a syndication recommendation? This might be ideal since my understanding of syndication is that it is totally hands-off. 

So that's what I'm looking for: a place to put his $500k that will cashflow, appreciate (although this is less important than cashflow), and he can be pretty much hands-off. 

TIA!

Dan