This paper deals with some aspects of two-time physics (i.e., 2T + 3S fivedimensional space) for a Minkowski-like space with distinct speeds of causality for the time dimensions. Detailed calculations are provided to obtain results of Kaluza-Klein type compactification for free massive scalar fields and abelian free gauge fields. As already indicated in the literature, a tower of massive fields results from the compactification with mass terms having signs opposite to those of the ones appearing in other five-dimensional theories with an extra space dimension. We perform elaborate numerical calculations to highlight the magnitude of the imaginary masses and ask if we need to explore alternative compactification techniques.