However, this could also portend our own situation in a year's time if we take them. 

Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

We plan to remove them all to protect from tax increases on our current primary, but I am afraid that now that the other properties won't have homesteads, we may see skyrocketing tax bills and it will eat into already small cash flow from rental income.Does anyone have advice for how to handle this situation other than just increasing rent?

So in my situation I have instant booking turned on and didn't have Damage Protection.

I went through a similar situation with two of my rental homes. 

With this additional expense, that would mean depleting the savings we’ve worked so hard to build over the past few years.To add to the situation, my wife and I are expecting our first baby in just two weeks!

To be fair, I've encountered situations where the Section 8 rent received was higher than what cash paying tenants were paying.

What I don't control is the market price.The specific business situation where this may be useful is on absorption of a new apartment complex units, but then they have a metric for that, absorption.

I’m curious about what my rights and responsibilities are in this situation.

If you put games out and they are all missing pieces and useless it will create situations for bad reviews and possible forced refunds on Airbnb.