If someone gets hurt on your property, they can go after your personal assets because you do not have a corporate veil protecting you from investment assets.

You also have to maintain your LLC properly to maintain/preserve your corporate veil. 

I’m planning on using Bank of America for the second home.

Corporate entity.

You will most likely have to personally guarantee the loan, but that’s pretty normal.Most any other ways to obtain residential financing will only endanger if not pierce your corporate veil.

Corevest , finance America , Lima loans ..

However, with the Feds (and the federal government) pumped trillions of dollars into the market, it essentially force corporations and financial institution to act rather than wait out.

I have done 6 of these types of loans with companies such as Finance of America, Lending Home, Verus and Angel Oak. 

Long term leases, corporate guarantees, No expenses. 

You really need to make sure you maintain and protect your corporate veil.