QC Deed for grantor’s lifetime

[Michele G.]

I am looking at a triplex that is 99% owned by an LLC. It looks like the owner put the triplex into an LLC and then QC’d 1% ownership back to herself. The public records show a QC deed on file granting “an undivided 1% interest in the property to (the individual owner) for the grantor’s lifetime to do with as grantor pleases.” The owner does not live on the property. The QC deeds I’ve seen before have not been worded like this. Is this normal? Is there anything I need to be cautious of or aware of if I choose to make an offer on the property? What is the purpose of QC’ing 1% interest back to yourself?