Talk to both and compare.  

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I would consider the cost of extracting your equity from the FL property by sale and then compare that to pulling equity by way of a cashout refinance.

Compare that number to the odds of being struck by lightning, and then act accordingly. 

It is also better than what I would have received for a comparable lot in other locations. 

This is such a personal question no one can really answer it for you, call around to your local CPA's and compare.

They provide flexibility and efficiency, especially for experienced investors.How have you found the terms and structure compared to traditional options?

@Shaylynn O'LearyI like creativity in your own market compared to chasing cash flow across the country.  

I see a lot of LL compare their old unit that hasn't been remodeled in 15 years and has delayed maintenance to some newer units.... they create a vacancy but jumping to what they see as market and that vacancy and remodel costs them tons of $$ that takes YEARS to catch up on with that jump to market.

If you sold it, what would you do with the money and how does the return compare to what you get now (factoring in the amount of work/stress with each option)?