Answering your question, a suggestion for good location will be Miami Beach, or Fort Lauderdale.
Both are places with high demand for rental units, all year around, so you have the option to rent the unit in high season for short term at high season price or long term, at regular price.
In the high season, there is not enough rental units available on this areas so prices are higher.
You can buy a studio or in few cases a one bedroom apartment on those areas for 100K or less.
Easy handle condo will be determine by the age and conditions of the building and unit, however most condos in Miami Beach and Fort Lauderdale are a few years old and need constant maintenance.
I work mostly with foreignes looking for rental options in South Florida and I will be happy to answer any further questions to help you decide wich will be the best option for you in this market.
Please contact me at your convenience to discuss further what kind of return you expecting, property type, size, time frame for purchase etc.
thanks and regards,
Vivienda Miami Real Estate Group
Fax: 305.675.3976 http://www.PerfectFloridaProperties.com
You can buy an apartment at the price referenced due to the conditions of the market, we have what we call shortsales it's a longer process than a regular sale but you can buy a good property for less price.
Because it's still off the MLS, you'd have a great chance of getting it by contacting me asap. I can provide more details.