Does anyone know if we are still required to give a 30 day notice and continue to lose out on rent that is being paid on time?

I appreciate the info provided so far, but I have more questions and I don't expect freebies from pros like yourself.I'm looking to get together a semi-solid idea of how this all works before I drill down, in depth with my usual accountant in a couple weeks (if I still decide to drill down with my usual accountant after learning more info on what I'm trying to do - from you or someone else.)My usual guy can't get to me right away and I'm in a time crunch, if this deal is going to happen the way I want it to (bonus depreciation decreasing by another 20% on Jan 1st)I really just need to understand Bonus Depreciation, in detail, and as it applies to my situation.I'm brand new to all of this.

Quote from @Bob Billingtonz: You gave them the tools, but they refuse to use them.Based on what you've shared, I would give them a short, professional notice that tells them to abide by the lease or give 30 days' notice and move out.

With short notice, I'm looking for any insurance who can insure a house in Irvington, NJ 07111.

The number one benefit for a high income earner that invests in long-term investments is that the depreciation will shield your rental income from your effective tax rate.if you are a high income earner, you are likely around the 35% federal tax bracket and another 5-10% tax bracket if you are in a state with a taxInterest income will be taxed at potentially 45% + 3.8% net investment income taxDividend income will be taxed at potentially 30% + 3.8% net investment income taxRental income potentially at 0%I think a lot of people get disappointed that their tax burden doesn't decrease.It can potentially decrease but it will require proper planning along with some level of participation with the real estate.

Give 30 days notice and move out.If he's been a good tenant, you can "train" him to do the right thing and put more money in you pocket. 

It will tell you if that change increased/decreased clicks & First Page Impressions & Booking Rate overtime. 

Post notices.

The lease says "rent is due on or before the 14th day of each month in advance notice or demand." 

But your heading says STR Insurance, and I don't know if the number of STRs will decrease by a huge amount because people will still vacation there.