I purchase the land from a local jeweler who I tracked down at his business and asked he was interested in selling.

Business justification of LLC-B --> This is can be a problem.

Of course don't go there just looking for business, you go because you believe in whatever the group is doing. 

A lot of family businesses cannot stay in business upon parent death due to no longer getting the prop 13 property tax discount.  

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.

That's why I would never had a business partner.

I'm sure there's other stuff you'll want to factor in - what businesses are moving to and from each areas. 

Usually most franchise models in other business environments have the whole package.

Highway hotel on busy 35 highway. 19 hotel rooms plus owners apartment, large laundry room with commercial washer and dryer, large parking lot, front desk, lobby, roadside sign.

Oh I agree with you if that rent will be a business income to live on vs just an unrealized gain.