Attribute cost ist x5 (i mean, of course it is. it's like that later on as well, x3 in those english books must have been a typo)
Racial Modifiers are added afterwards (shouldn't cost an orc 25 karma to get that bod 5 when it costs the same for a human. orcs are not just humans that have trained a fair bit, they have other physiology)
No Initiation / Immersion at chargen (that one's arbitrary, one could easily rule otherwise if the tables wants it)
You still get free knowledge points based on logic and int
You get free connection points based on cha
You start with Edge*1000 nuyen (that one's a minor less common houserule that has worked out pretty good. so chars without a real demand for cash do not need to invest some single points into it)
You can purchase Nuyen at a rate of 2500 per 1 karmapoint (instead of 5000 per 2; doesn't hurt, does it?)
Of course you pay for race! they bring boni with them, no way they could be free (remember those AI / Free Spirit Threads -.-) Cost is BP*2
Speaking of it, EVERYTHING is BP*2 btw. Makes sense, doesn't it?
btw, the most karma-efficient allocation of attributes for a human in BP is of course 5/5/5/5/5/1/1/1 (200 BP) - thats equivalent to 350 karma and should be doable in karmagen as well. turns out, it's just the maximum a 700 karma char can spent on attributes anyway. also keep in mind that just 3's in everything (baseline) is already 200 karma flat.
How much karma you start with is of course up to you and what kind of game you want to play. anything between 600 and 800 works, did both extremes already. Perhaps 700 are a good middle ground for what most people want. 750 is suggested. At my table, we use 800 most of the times (it's also 400*2

Also, people tend to have a high edge on 800 - something that i like a lot, it's just an enabler for great scenes and makes chars special IMHO.
Usually it turns out like that: Half the Karma is gone in attributes already, + something for the race (yeah, orc. really have to fix that), so just around 400 is remaining. Something up to 200 into skills, 200 left. Mostly 100 into 'being special', either money (250K Nuven) or mojo (magic or resonance at ~6). So 100 is left. That could be 4 more skills at 4. Some Martial Arts (should not count as qualities at all). Or Edge 6.
To all the people saying 'OMG HATER, BP IS JUST FINE!!11': How can you defend a system that encourages you to metagame constantly? "yeah, a spec would be really nice..OHWAIT, better get it with karma later!" or "hm, i only have BP for 2 skillpoints left and want both of these skills in the long run..OHWAIT, lets put both into one skill because its cheaper that way!"
I mean seriously, that's not something ANYBODY would like, right? Sometimes, I don't get people.