Title insurance rates are fairly standard.The better question is whether you want to choose your own vendor to look out for your interests.

Ensure you include all of the expense calculations when number crunching (property management, vacancies, maintenance, capital expenditures, property taxes, and insurance).

It would be just as fair, no? 

Sometimes in markets that are that active, you may want to offer close to asking, if you think it is fair.

The amount that a title company can charge for title insurance is fairly regulated, so you're probably getting a market rate for the policy. 

If you don't feel comfortable sharing detailed information on the public forum feel free to PM me and I would be happy to help you arrive at a fair market value for this property.

I have been in real estate a mere 12 months, so I am fairly new.

@abrahamanderson Don't listen to others that say "stay in your lane" and out of playgrounds.This IS your lane, it's an amenity for your residents and as far a liability is concerned, reach out to your insurance provider to ensure you are properly insured and you should be fine. 

By ensuring that each tenant member is capable of covering the lease by them selves, you are at less chance of risk of non-payment, should things go sideways. 

I don't want to seem greedy but I want what is fair and as we are new in the industry I don't know what is standard.