OP again. We would hire a private school consulting firm to help with all the rules, regulations and certifications. I was looking into this place
http://www.halladayeducationgroup.com/
We would certainly not rent the space month by month. It would be a year rental. Most of the participants are going to invest some money up front ( over the 7-10K per year).
5 of the parents interested (so far) are lawyers, one a former teacher, one in commercial real estate etc... We have a collective expertise. However we know that this will be very challenging and yet we still want to try. How else do these things start?