LLC Structure for real estate investing

[Manish Shah]

Hi,

I have two properties that I own on my name. Based on some advice, I think it will be better for me to move these properties into their own LLC (reasons - liability protection, separating business from my personal stuff on tax return, keeping all business flow into master/ parent LLC and I get only one parent LLC on my personal tax return. This will also keep expense management clean).

Questions are:

1. Is this structure advisable? Is it overkill?

2. How much does it cost to form LLC typically? I know this all depends upon state but I am interested from attorney's cost perspective.