thank you for all of the great responses.My original goal was to end up with approximately 10 SFH to supplement my retirement, but now that I have a couple in the works, I'm open minded to all aspects of RE. 

A million dollars is really not that much if you are going by one million in net worth (as I believe the book defines a millionaire).

Who is the appropriate professional that I would need to consult about legal aspects and benefits of moving my rentals into LLC?

This is a 4 day in person mastermind that digs deep into the different aspects of multifamily investing.

Even launched and managed several real estate funds.I specialize in various aspects of commercial real estate investment, like market analysis, financial modeling, debt modeling, risk management, portfolio optimization, etc. 

I like the technical aspect of it and negotiating etc.

Just finished my first read-through of Start with Strategy. 1st step is to define your core values.

I get the comfort aspect, but are they bringing the value that offsets their cost, given the availability of tools to enable remote property management? 

@Henry Hsieh not sure what you're referencing with your numbers, but we agree that newer investors should DIY manage their first 1-2 properties to understand the management process.After that, their time is better spent on other aspects of investing, so they should hire a PMC.Don't fall for online reviews! 

Your cost basis in the property is defined as the purchase price plus any improvements.