Manage friend's properties?

[Bryan P.]

I have a good friend who has a few hundred thousand to invest and he wants to buy 10 rental properties. He lives about 3 hours from me. He wants me to manage his properties for 75 dollars/month per unit. Two questions: Is this legal? Is this wise?

I would not perform any of the manual labor on the properties. I would simply collect rent and manage repairs and move-outs.