Purchase the property or the LLC that holds the property...

[Chase Keller]

Does anyone have any experience or insight on purchasing an LLC that holds property, as apposed to just purchasing the property in the LLC? Any benefits or drawbacks?
I am looking at a couple opportunities; one that has several smaller properties in the LLC and he wants to sell all of the properties in the LLC. 

The other only holds one property.

I can think of some benefits of not having an actual real estate transaction recorded, but wanted to see what others have experienced.
Thanks!