Level 2 if the race has no LA. Level 1 if the race does have a LA.
Level 2 characters get 3x starting gold to spend on gear, mundane gear only.
Generic setting books only (no FR, no Eberron, etc).
Low Magic world coming out of a dark age. Do not expect the cheesy D&D adventures guilds, magic weapon shops etc… picture more of a Lord of The Rings feel (dirtier, magic gear is special named things with history, and gifted [supernatural, magical] individuals are rare). Character ideas are strongly suggested to be cleared with DM before you do all the work.