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How to answered with instructions direct from Microsoft.
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How to set up Hyper V replication
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Hyper V replication

Virtualization is the act of creating a virtual (rather than actual) version of something, including (but not limited to) a virtual computer hardware platform, operating system (OS), storage device, or computer network resources. Virtualization is usually the creation of a system that executes separate from the underlying hardware resources, or the creation of an entire desktop for systems located elsewhere, similar to thin clients.

Virtualization

Hyper-V is a native hypervisor; it can create virtual machines on x86-64 systems and supersedes Windows Virtual PC as the hardware virtualization component of the client editions of Windows NT. A server computer running Hyper-V can be configured to expose individual virtual machines to one or more networks. Hyper-V Server supports remote access via Remote Desktop Connection. Administration and configuration of the host OS and the guest virtual machines is generally done over the network.