The goal is to create small villages for retired seniors on a tight budget and veterans struggling to pay rent.

You won't have specific knowledge or insight to share with owners, but you have you're youth and hunger to do what it takes to succeed. 

Here are a few possibilities for "OR" in the context of property transactions, though the specific meaning may depend on the local property records or auction terms:Owner's Representative: This could indicate a transaction or document was executed by the owner's representative, such as an attorney or agent.Official Records: Sometimes "OR" might refer to the recording in official records, indicating the document or transaction has been recorded with the county or appropriate governmental body.Order: In some contexts, "OR" could represent an order, possibly from a court, related to the property.

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.  

to determine maintenance/cap ex budget create a spreadsheet of all item costs and expected lifetime in months.  

@Christine Cho If you have the budget for it, then I would do it.

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.