So I have this deal to refinance with no closing costs through my current note holder.  

. :-) I do love Providence - it has great food and culture and "down city" continues to improve and provide more for its residents and visitors.

The Current title holder has to sign the deed over to you, you can't do it by yourself.

Profit margins have risen to an average of $61,000 per flip, versus only $19,000 during the heart of the recession in 2009 (the article defined these profit margins as 'the difference between the housing value when the investor purchases the home and when it is sold,' so this is somewhat disingenuous since it doesn't appear to take into account the costs of the flip)Given that BP is the biggest and best forum to discuss this, I think it's worth having a discussion about the pros and cons mentioned in this article, and what we expect to happen next.A few food for thought questions i'm wondering if anyone is interesting in discussing:Do you think we're headed toward another correction in the housing market?

As a first lien holder, do I have the right to be notified by the county if the taxes are not paid?  

The QT action verifies that the process was done right, giving lien holders the right to respond. 

A superior lien holder can only be displaced if they agree to subordinate their lien.

I have been toying with the idea of buying a food franchise, and have been working towards it for last couple of years. 

25+ years in food service and 20 years flipping houses.

This means, if your lien holder becomes suspicious, or some irate neighbor calls them up out of the blue, and they find out you are operating as a STR, your loan can be called right then.