Is buy a condo in Florida a bad idea?

Hi,

I read that many part of Florida are zoned as flood-areas and require flood, wind and homeowner insurance, (probably Orlandois out of flood area?)

I also read that this insurance alone can add up to 300-400/month easily;

For an investor that want to buy a property to rent to a tenant I believe there will be a very little cash

left every month after paying insurance and condo fees,

Is buy a condo in Florida a bad idea ?

thanks