Keep in mind this is a Federal  Offense and not worth it.  

Criminal history may not contain drug offenses within 7 years except for one conviction for possession of a controlled substance.

No offense intended but California laws stink for landlords, it is a dam hard state to start real estate in.

Whether there is a technically legal way to do it or not, I think many people will find the idea itself offensive. 

I think even more offensive is not being able to terminate a month to month lease unless your are 1.

Are you simply a contractor, or are you on the frontlines on the battle field hustling, finding motivated seller leads, cold calling and doorknocking trying to find motivated sellers?

Imagine this next sentence in a sassy Texan accent: No offense to those who have mentioned life spans here, but no one can tell you how short your life expectancy is going to be...

You start to do, what if they rent to someone that you would disqualify(eviction within 2 years drug offense, child molestor).

I cannot see a court in Georgia allowing a landlord to keep any part of prepaid rent if they get an eviction for other offenses, unless the eviction is related to actual monetary damages such as destroying the property.

@Stephanie Pieri No offense but this isn't a fair question.