@Sam Elder  turn key is simply a moniker there Is nothing special about this.in reality its the business of owning rentals.. how you come to find those rentals is a moot point.Not exactly sure what Ben and Serge's pod cast was describing.. however any rental will have cap ex over time.. turn key is not immune from this.the only properties that will be limited to cap ex are when you buy new construction and you have tenants that are pure as the driven snow..

Can the kids of the elders afford it? 

I read all the Rich Dad Poor Dad books, got my license to be a realtor in 2003, was the million dollar rookie for Coldwell Banker Burnet in 2003/2004 selling and helping my clients to build new homes, then got into mortgages worked with Wellsfargo and UsBank for a moment, then stumbled into adult day care...and now here I am...helping elders/seniors make that hard transition from their home, where they lived all their lives, to a senior housing community, and many times their children live NOT in the same cities, so its hard to get that help, and that's where I come in to assist.I have just a few real estate buying, selling, holding, flipping experience, but they all gave me really great experiences and really bad experiences and I have learned alot from all my experiences.

You need to feed elderly people meals with specific diets 3 times every day.

And it never looks good for an investor against some elderly on court.

Would this property owner happen to be elderly?

This property was owned by an elderly gentleman in his 80's that had self-managed for over 40 years.

Sometimes requests for changes to the lease, e.g. elderly parent to move in or relative child or new baby. 

We now allow pets on a case by case basis, typically small dogs (out of the puppy stage - to avoid chewing issues- and prior to elderly ages).

@Ray Harrell the owner is elderly and really doesn't have the energy to manage the property any longer.