Condominiums are either the best piece of real estate in the world or the worst, it depends on the market. Well they are getting just about right now for investment. I have attached a list of some in Orange Park and Fleming Island. There are a few in Orange Park that are selling in the $20,000's and in that complex some rental rates are from $500 to $650. You have to remember I do not know the condition and the condo fee is $177 but this is an investment that will cash flow now and as the market turns there is a possibility of increased values.
http://pub.realtyweb.net/link.html?udysi9z4owt,14,1
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