What Are The Best Areas In The Country To Purchase A Condo For Investment Purposes?

It will not be a short term investment. If you buy now and keep it for 5-6 years, you’ll make money.
Southern California is a good place. The prices leveled out now and they’ll go up (not next year, of course, but in about 5-6 years.)
If you want to rent out the place, a condo is better because there’s less maintenance to worry about and it’s easier to find renters.)
If you want to be a long distance landlord, you need somebody to keep an eye on your investment. When a customer of mine buys a place through me and rents it out, I act as a manager of a place with no charge to the owner. I do it as a bonus to my clients. Contact me, if you want to talk.

I have been looking at properties near colleges. many colleges are over crowded & students have financial aid refunds to pay rent. The trick is making sure they will respect the property but I guarantee, there is always a need for that property.