Business Professional's opinions needed: Would it be stupid to give up a successful & established business?

I am supposed to take over the Property management business when my dad retires in a few years. My life is changing & I am considering moving 250 mi away.

Not sure if i should give up the business or if it would be possible to keep business, hire another licensed pm & keep an eye on things via fax, email & monthly visits? I would be in the same state & maintain my licensed as well.
I do have a passion for my business. I am only 35 and my personal life is changing as i never expected it to.

Yes, with the right office staff i to think that the 250 mi is not insurmountable.

Not impossible.
One of my jobs is working remotely via phone, fax, email and messenger. Mostly messenger (instantaneous communication - like yelling into the next office) Many people have mistakenly thought that my sister and I work in the same office. We are in different states though.

You might need to keep a cell phone with same area code - for clients to call without any need to think you're not right there.