While you could choose an "S" corporation and have pass-through tax, there are a number of problems with this: (1) you are possibly creating character mis-matches of ordinary income and passive losses, depending upon the level of management activity you have; (2) a buyer is not generally likely to want to purchase your fractional interest in stock - they will insist on a discount or worse, an asset sale. 

Loss Mitigation and Short Sale Expert.

Below I have listed my coverage and insurance premium.Coverage A - Building(s) $454,000Coverage B - Business Personal Property $20,000Coverage C- Loss of Income - 12 Months [actual loss sustained]Coverage L - Business Liability - Per Occurrence $500,000Coverage L - Business Liability - Annual Aggregate $1,000,000Coverage M - Medical Expenses $5000Premium - $2,100Ask:1.

Otherwise, cut your losses and evict asap.

Since you are a MA resident, presumably you would want a MA CPA to prepare and advise you on your personal taxes, including any pass-through income (loss) from your FL LLC.   

Some have rented (some have been vacated due to job loss), and some still sit vacant and you can find the occasional "squatter" in these properties.  

What a buyer is left with typically from doing that is they buy a marginal to loss property and have debt they cannot get rid of.

I did one flip last year and made a minimal profit (at least it wasn’t a loss...).

I only advise of something like this for experienced buyers and who can afford to absorb the loss if they change there mind. 

Splitting profits is better than taking on all the loss.