There are times when I think it's okay to be minimal or negative on the cash flow, but this case in particular doesn't necessarily sound like one of them.

Doesn’t come close to the 1% rule.

That typically doesn't pan out in a residential zone (or at least not well enough for the headache in my opinion). 

Clearly doesn’t care about you as a client and trying to make away like a bandit.

Being out of state, it doesn't work with my business model.The options I have considered:My thoughts are that the tenant gets a money order every month and physically mails it to me.The tenant directly deposits into my account at the bank (is there a way to do this without disclosing my account number?)

"Just trust me" doesn't cut it. 

Unfortunately property management tied in doesn't make it less risky.

I assume you work all day and it doesn’t sound like you have a relationship with them. 

In an area with rising values and fast demographic shifts of what the NEW RESIDENTS wish for them self’s but simply doesn’t exist yet in terms of feel and finishes.

If it doesn't make sense to spend the money without returning your capital, then why spend the money.