We applaud you for taking the initiative to gather this kind of information prior to making you investment. The information you need to target is identifying locations that have a high annual need for rental property. There are a few that come to mind immediately-Orlando, Miami, Venice, are good examples.
Additionally, you should consider the "quality of life" the area offers. There are many, many communities that have beautiful condos in your price range but fall short in the major areas of interest for renters: climate, safety, social & cultural opportunity, easy to get around, proximity to beaches, shopping, public transportation, etc. etc.
The Venice area has been recently recognized as one of the "Top areas to Relocate" in the entire country because it offers people an experience that keeps them coming back.
We would be happy to provide you additional information on this proven location that many people refer to as "Paradise."
The "Eckler Team"
Century 21 Alamar and Associates
Venice, Fl 34285