My other prospective tenant is willing to pay a double security deposit (prepaid rent) because his credit is week. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Furthermore, lets say you are have a top marginal rate of 22% (taxable income of $38,701 to $82,500 filing single; $77,401 to $165,000 filing married )--you would then be paying $4,400 to $5,170 in taxes on the recapture.

If I file a complaint with the BRE, and they issue a desist and refrain letter, what happens if the "property manager" ignores it and continues to practice property management anyway?

sign a W9 and issue the 1099 to debit your end or your entity and they receive this as income and they file the income at their rate while you deduct it at your rate.

As an example they add up the security deposit to the rent amount and the statement says they paid it to you, but the reality is that they hold it.So yeah their spreadsheet is quite useless and you need to build your own.Airbnb UI is better in many regards but they only pay you when the guest is in and keep the money between the reservation date and checkin date.

Is it better to file for eviction or to file for ejectment?

@Syrica Brown, if you have a tax certificate you must give written notice to vacate to the owner (do not contact the tenants) and then wait 6 months and then you can file an ejectment lawsuit.

Then be able to output it to a file via email or something.What's your favorite app to do this and why? 

A year has passed and the investor has filed a barment - foreclosure of redemption - and has taken ownership of the property this past week.