Likely low.

We pay 1400 in mortgage and rent it out for 1700 (which is VERY low for the area and we will be charging $1900-2100 next year, we were just in a rush to rent this time around).This year we bought the house we live in and owe 250k and it's worth about 296,000.I am 30 years old, and a stay at home mom.

With 2k to invest you are probley going to look towards a owner occupied property to get a low down payment and try to get closing cost paid by the seller. 

I tend to have a VERY low risk threshold when it comes to handling other people's money...

. $1525 rental was worth $120 to $130k three years back but certainly not new construction which doesnt mean much since you are not living there. also the pool of buyer willing to pay $1525 is low compared to the average $1100 to $1200 pool. please keep that in mind.

Are those two mutually exclusive, do I have to choose between good bank lending rates and low income taxes?

We leave an offer and let the seller think, because ours are low offers and usually a disappointment to the seller.We've had many people call back 3, 6, 12 months later and a number call back 18 months later or more.

We had people buying for as low as 5 to 10 cents on the dollar.Months 3 and 4- Outside investors will flood the area driving up prices.

In the event that you employ an expert to do your business imposes, that is deductible as well.

It will certainly solve their housing problem - with many fewer jobs, many people will be forced to leave to find employment.