My own business currently leases one of the spaces. 

Such as when you move for a new job or a new business.

Second, you need to have separate business accounts for each entity.

We also wouldn't have been able to relax early if we were in the hospitality business bnb-ing or midterm renting it out.

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

Realty Doctors - property purchaseRealty Medics - property management I will not be doing future business with either.

Please note that I am not discussing the business idea or the rate of return because I am fine with both and don't want that to be part of the discussion.

I am assuming when you say partner its business partner and not married :) 

I'm invested in a property near the Grove that's executing that business plan now.At a simpler level, that might mean buying a house with a garage, converting the garage into an ADU, and renting out the ADU.I think a super solid first step to get into the LA market is to househack a home or a multifamily.

Admirable but mixing philanthropy and business is a recipe not suited for most on this forum running a small business is challenging enough.