The maximum special allowance of $25,000 ($12,500 for married individuals filing separate returns and living apart at all times during the year) is reduced by 50% of the amount of your modified adjusted gross income that’s more than $100,000 ($50,000 if you’re married filing separately).

I wouldn't be buying in CA.Growing up in the SoCal area, yes the appreciation has been great the past 20 years; but they way the state is headed, people continue to leave.Red tape in California has caused business to evacuate, high net worth individuals are also beginning to exit the state.Food for thought.

As others have mentioned, the percentage of savings you get back really depends on your individual tax situation, including your tax bracket, state, and other factors.

I live in the Nashville area, currently work in corporate finance and have my CPA.

With my experience with very wealthy individuals who have complete freedom of time, one common denominator is: Keep it simple and a little boring. 

(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.

Each investing strategy is totally dependent on the personal goals of the individual investor.  

With your own capital and access to other individuals you know well that have capital you could start that way..

These 2 individuals appear to be a mother/son.

We are a community of close to 50k that has not incorporated so the county controls zoning/planning.