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ABC’s Nightline recently aired an interesting segment about house flipping, which included a magic number that’s probably never been seen before. Western New York house flippers would have been glued to their TVs if they’d stayed up late enough to catch Nightline, because if authentically magical, it’s a good number to know.

The segment was part of a series called “Realty Check.” This one was about new strategies in the “ever-competitive world of flipping.” The show started with some backgr...