From what I've seen it's a lose-lose-lose proposition:1) You either evict the whole group and start over if one moves and the remainder can't pay or2) You waste your time screening new people to find a replacement person for the one who left or3) You allow tenants to do the screening for you and potentially pick another unsuitable person because they don't know how to do screening.

A unique selling proposition.

I been approached on occasions to get involved in business propositions that look great on the surface, but just didn't sit right for me after doing the my due diligence.

But the value proposition of a 2 year degree ought be based PURELY on what you will actually learn, not based on the notion that anyone will be impressed by a 2 year degree.

@Neil Masincupp It doesn't necessarily have to be an all or nothing proposition.  

All make this a very difficult proposition in any market. 

In California, we have Proposition 13 which means that properties are taxed on their assessed value, not market value.

In California, a property can go for years without being assessed because of proposition 13, which disallow arbitrary tax increase, therefore the taxes are determined if and when the property is sold.

But thats a pretty dicey proposition.

Unless the business has some unique selling proposition I would not even consider it.