Hi and congrats on your admits - PT programs are hard work as you have to work and study, and traveling does add a bit of a complexity.
I am wondering why you want an MBA if you are thinking about entrepreneurship. If you are planning to be your own boss, I feel the cheapest, closest, and most flexible program is the best one. It likely won't bust many doors open but neither will McCombs or Anderson names, though they do have more prestige per se but neither is a Stanford.
In a FEMBA, your biggest asset and network will be your classmates. Often you can recruit or they can help recruit in their companies after you ace a project at school or show some other skills. Would you benefit from networking with a bunch of folks in TX or LA? If not, then you are missing on part of the value from the experience. There are likely a few folks commuting from Bay Area to LA for FEMBA and it is a commute that you can even do driving late at night or early in the morning, though $49 on southwest or one of the LA-SF flight passes may be a better bet.
I think you should examine a bit more the underlying reasons for the MBA and what drives value for you.
Good Luck!