You didn't even mention tenants who don't pay rent, evictions, vacancies, HOA violations, the consistent rise in taxes and insurance, bad property managers, and the many other issues that cut into your profit. 

Pros will continue to be pros and the some wont make the cut. 

This is what I would do:OP- cut a piece of plywood, or something lightweight long enough to lay over the stairs (and just wide enough for her bike) so she can walk her bike up the stairs and into her apt. 

Many Super Jumbo mortgage lenders offer an interest only component.

If the same person is willing to cut it down for free in exchange for the wood, I'd let them do it.

I would bet good money that they are paying below market rates.In case you missed it: get rid of them.Spruce the property up, study the market to determine a fair market rate, and find a renter that is willing to pay the market rate, pay the deposit, and abide by your agreement.Not everyone is cut out to be a good landlord.

But, it also locks up your money, cuts down on chances to put your money in other places, and might lose some tax breaks.

I started noticing MLS homes in CS have cut prices.

Then they either cut it up themselves into steak and hamburger or they take it to a butcher shop an have it done.

I'd also be fairly skeptical of a contractor recommending you cut corners like this.