Why would someone put a blanket deed on their property w/ an LLC?

[Nick Schulze]

I understand there comes a later of protection between entities, personal and estate. Are there other reasons why someone would do that? There is a building I walk by every day that I want to buy. I found on public records that "Me investments LLC" bought it in 2015. It's in shambles and I objectively reviewed this project as worth going after. I am going to approach the homeowner/investor and would like to understand as many perspectives as possible before approaching them. Thank you all for your time and appreciate any feedback!