Now if you have the cash to pay off the underlying loan at anytime if there is an issue then your risk goes down to is your buyer going to pay and if not are they going to trash it.. same issues you have with any tenant.Well if I had a Tenant that trashed the property I would use their security deposit to repair the property.

The current company I work for provides both renovation/make ready as well as management services.

Sounds like the classic living out their deposit scenario in which they will deplete everything and leave you with nothing to cover repairs, clean up and other turnover costs. 

What are they repairing/upgrading?

@Anthony DelVecchio I would suggest having some amount of money saved in reserves for just the type of emergency repairs you have mentioned before buying your first house/property.

(Just park repair trucks there.)Some kind of delivery only business. 

Hi Caleb Rehg,If you have employees you will have to pay quarterly PAYROLL taxes, but these can be taken care of by a payroll servicer such as Gusto or ADP.Otherwise, if you expect to have a substantial net income from the rental property at the end of the year, you may opt to make quarterly estimated tax payments so that you that you don't get surprised by a tax amount owed with your tax return.

If none of those solutions will work, and they are MTM, you can give them notice and terminate their tenancy, repair the stairs and re-rent out the unit. 

Any home that need repair? 

You can find services that charge $50 per year for this.