Alternatively, you can use rent collection platforms as Benjamin mentioned above.That said, I would advise against self managing long distance properties.

Is your friend going to pay rent for the area that he will live in?

Both are great options, but RentRedi integrates seamlessly with BP and is super user-friendly—I'd lean that way!

I've tried 5 different platforms, and IMO it's the best and most user friendly. 

You can learn how this is sone by asking enough questions, because we don't know what you don't know yet, or you can get formally trained and have the complete set of knowledge.There is a link at my profile https://www.biggerpockets.com/users/kenm286 that will take you to the list of things you need to know. 

Hi everyone,As a newbie in the world of Real Estate Investing (REI), I'm eager to establish a strong foundation for managing my finances.To streamline this process and stay organized, I'm seeking recommendations for user-friendly online bookkeeping tools specifically designed for REI.

I’m in the early stages of building my business, and I’m here to learn, grow, and most importantly, connect with the right people.I’m looking to build relationships with:- Investor-friendly agents- Serious cash buyers- Other wholesalers open to JV deals- Real estate attorneys and title companies who know wholesaling- Brokers and lenders who work with investorsI’m all about doing things the right way and surrounding myself with people who are in this for the long game.

Quote from @Burak Dalcik: Hi All,Looking to invest out of state in Dallas Texas and would love to connect with investor friendly realtors Welcome to BP!

Start by writing a simple script—keep it natural, friendly, and focused on asking questions rather than pitching.

You don’t want your friend to lose his housing because of your vacancies.