And what if someone is injured on your property and the court awards more than the insurance coverage?  

This provides a method to cover the injured student without it going to a Lawsuit/Claim. 

Further, you would have no Liability coverage if someone is injured at the property.Have your agent check for what breaks the Vacancy (if you have furniture there and someone sleeps there multiple days in a week would that do it). 

It's sad to say, but most death claims typically pay out around $1MM, but if a child is severely injured and will deal with certain trauma or issues for the rest of their life, that type of claim could jump into the multimillions simply because of the years of special care that child would need for the rest of their life. 

It's in the auto repair business, where I had no experience, but the owner I'm buying it from had no prior background in it either, he was Russian immigrant who started here as a taxi driver, saved up enough to open up 3 shoe stores, but sold it all when his wife was seriously injured in a robbery.One word of advice.

One of their workers fell down two stories and was seriously injured.

Time is a major currency as well, so we lost all of that.There’s severe consequences for getting hit in the head with a golf ball, severe consequences if you’re an NBA or NFL Player, get injured enough to not play again and lose your income.But when you’re successful at the game, it gives you great pleasure and resources.You’re gonna have to provide me more details as to why you can’t make everything a game, because that wasn’t enough to convince me.  

For reasons cited above, renting out an illegal (without city approval) unit in the basement with physical limitations, such as poor fire egress, is a fast way to the poor house, when you lose the property to fire, or the jail, if someone is injured or dies. 

Does it say you will provide it, fix it and will be liable if they injure themselves? 

Even if you did get the possession order, if a tenant is injured because the electricity was cut off, you'd probably be liable.