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There is a solution to what I am looking for. Copying email from Henry Oswald, ShareLaTeX co-founder: The best option for what you want might be to publish the project as a template (left hand menu) this will give you a web page with the pdf you can give to the students. It will auto update each time you press the publish button. Regards ...
I recommend ShareLaTeX. You can edit, compile and download your tex files on this web editor for free. It cannot support Google Drive at this moment, but if you upgrade your account, you can sync tex files to your dropbox. I hope this will help.
Sorted. It was a file size/timeout issue. I contacted the administrators as suggested, including a link to the project in question. They increased my timeout limit. That resolved the issue.
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