Are there any other specific forms, licenses, agreements or procedures I must complete or carry out prior to renting this property?

@Laura I wasn't aware of the limited time to do a court procedure for eviction. 

Every  county is different, call the county and ask what the procedure looks like 

Does your trusted friend have an in depth understanding not only of the 1 page of actual regulations but also the 8000 pages of case law and the associated revenue procedures that actually shape the actual law of the 1031 exchange?

There are usually very clearly defined procedures, time limits and notifications for handling tenant security deposits, so even if you can use the evicted tenant's deposit towards repairs, the other deposit is likely off limits, especially if that tenant is still there, and it should be transferred to your new property manager if they are handling that tenant as well.As far as the $200 repair limit, be very careful about standing firm on that, as it may be interpreted many different ways.

She did not follow proper procedure for terminating her tenancy.

As an agent, you should know the normal procedures dealing with EM forfeiture.  

This December we gave our property assistant and our plumber each a gift certificate for a one-hour professional massage.

They were friends of the old owners so I do not think there were a lot of the normal procedures done when they signed the lease.

We liked the West Lake Hills area.Again, a title company can be helpful with the procedures, as can an agent.