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Flipping a house? The 10 best cities for flippers.

These 10 cities were the most profitable markets for people flipping a house in 2012, according to RealtyTrac. Can you guess which city had the highest average profit on flipped homes? 

4. Tampa-St. Petersburg-Clearwater, Fla. (43 percent)

Scott Iskowitz/Invision for Humana/AP/File
Convention-goers cruise on a Freewheelin pedal bus at the Republican National Convention last year in downtown Tampa, Fla.

Total housing units: 1,346,980

Single family flips: 3,033

Average pre-flip purchase price: $79,538

Average flipped price: $113,676

The Tampa Bay area has a lot going for it: In 2008, Tampa was ranked one of the top 5 "Outdoor Cities" by Forbes, and a 2004 survey by the NYU magazine "Washington Square" named it a top city for "twenty-somethings." Nearby St. Petersburg is a popular retirement community with a celebrated fine arts scene, including the Salvador Dali museum. Nearby Clearwater Beach was named "Florida's Best Beach Town" in January by USA Today readers. 

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