I'm not familiar with your market but here there are 100,000+SF buildings going up, some in excess of 2,000,000 SF.  

I'm new and I'm learning about the real estate  business so I'm in my buildings relationship stage.

I presently have two properties in the negotiation stage that I should have contracts on in the next day or two.  

Title costs seem excessive, ask for a breakdown and compare with another title company before closing.

Guys,Just a heads up, if your town or city is starting to get too aggressive with any of its fees for registering rental units or charging excessive rental license fees, let me know.

Globally, China is experiencing its own credit problems in the housing industry and it also has excess inventory.

The problem can range from minor cracking in walls and ceilings to major distress caused by excessive foundation settlement.

@Joseph Scorese, As you may have guessed, I'm still in the, "I don't know what I don't know" stage...but consider yourself on top of my list for professional advice as Grant Greene suggested!

This means that they allow me to get more money as the jobs reaches different stages.

I'm about the same stage of my real estate investing as you (although I have a principle place of residence already).Hope you continue learning and enjoy BP.