I live in New York and I'm buying a SFH Rental in St. Petersburg

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I live in New York and I'm buying a rental SFH in Florida. I want to form a Single Member LLC. From what I've read, I think I have to live in Florida to form an LLC in that state. The Registered Agent (assuming I need one) will have to be me and I would need a Florida address.

Can anyone shed some light?

You don't need a real address in Florida. You can find a registered agent service (essentially someone who just forwards any mail) and do it that way. I do it for another state. You could also get a PO Box but you would still need friend or family to check it once in a while.