Based on the information provided, you were fined for performing plumbing without a license, not that something was wrong with the plumbing.

Rochester performs a reassessment every four years so with just finalizing the 2016 project, the next reassessment will be for the 2020 roll."

A contractor, in the eyes of the law and anyone with contracting experience, is simply someone who enters into a contract to perform a service or supply goods.

Even though you aren't the one occupying the house, it is your credit and character 'guaranteeing' performance.  

@Eric Eastman, it does sound like performing mortgage notes would be a great way to invest your money without some of the time commitment it can take to manage rentals or definitely to purchase non-performing assets.  

@Rahul Dilawri..I really don't rely on Zillow for property search since it is not accurate many times (it shows properties that are closed while ago).

The area you should consider speaking with an attorney is regarding the purchase of the home and ensuring title is accurately placed within the LLC.

You don't have any control how that cities economy going to perform during the time in which you own your rental.

I am 62 and since IRA's are not performing that good, I was thinking per my questions.

They have knowledge of rents, demand, turnover, specific blocks that perform better than others.