When it comes up for renewal next time, I'd tell her the rent is going up as your expenses have gone up as has the market and if she wants to find a new place, that's fine with you.

Hence, If I consider the cashflow play, there is little room for hiccups I would imagine. 

Hey Chen,I'd be happy to connect and provide some connections to help build the team.

Quote from @Khail Towers: Just bought my first rental property (1 bedroom condo) in the Walnut Creek, California area (SF Bay Area).I've decided I'd like to rent the condo as a medium term rental (MTR) to travel nurses, corporate housing, etc, but I have no idea how this works.Do I just go to hospitals and let them know I have a condo for rent? 

That's where I'd recommend looking into as far as house hacking as there are more transplants in those areas.

I’d suggest starting out by networking with as many other investors as possible and being an active participant in the forums.

I'd like to establish a working relationship with someone so that I won't be caught off guard when an emergency happens.

Tax implications aside, the question I'd be asking myself is "what else could I be doing with all that equity?"

But, I'd for sure visit the area I invest in. 

I'd love to hear how it goes, so keep us posted!