I would try and manage it yourself if you have the time and effort. 

I have five houses in Memphis area, and the biggest problem has been finding a good property management company. 

Then pay them a fee for finding the deal and pay them 8-10% of rents to manage the rental(s).

Practical Tips for Managing PropertiesFinding Good Tenants: Screen thoroughly.

It took quite a good time (~6months) even with a property manager but finally found the renter after rent decrease by 200$.

My wife and I come from a manufacturing leadership and project management background.

Has anyone found a property manager in south Florida (that covers Fort Lauderdale) that they really like? 

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

Typically corporate/bank owned homes are managed by an asset management company.

Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else).