We're just using the Illinois lease that BP puts out (https://app.box.com/s/r0b3spxpse7jc0qe42tz95f056yand9h), but I can't find any specific penalties for early termination in there.

Nope, its a 1 bedroom and the ad specifically says only one car, but I still get the requests from folks that say they read it, but were just checking.  

Effective communication, detailed contracts with specific timelines and payment terms, and regular progress updates are also vital.Additionally, we now have a contingency plan in place, which includes having backup contractors in mind in case we need to make a change quickly.

If you anticipate negative cash flow initially, consider how you plan to address this situation in the short and long term.Before making a decision, it's advisable to consult with a real estate professional, financial advisor, or accountant who can provide personalized guidance based on your specific financial situation and goals.

This way people are specifically and equitably compensated for what they contribute both in money and in work. 3.

Specifically Draper or Lehi areas.

In short, it makes economic sense on your residence, in very specific and controlled conditions. 

While they are not specifically midterm rental leases, they are specific leases for people that are staying 30+ days and that is what you really care about. 

Rehabbing it What was the outcome?

If you have any specific questions or need guidance along the way, feel free to reach out.