I just do not want to take this possibility off the table if it could help us really get moving in terms of number of doors we have rented out (a 2/3/4 door rental is an exponential increase in our cash flow, compared to the single family home we are planning to buy first). 

It also depends how nice it is compared to the other options out there.

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.

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

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