If I own it, what should expenses be?

[Stanley E.]

Hi BP. I purchased my first property last July and fixed it up. Got it on the market and rented it this March. I paid cash ($12,500) for it using my self-directed retirement account. My question is, does the 50% rule still apply if I don't have debt service? I do pay a property management fee of 8% and the property is renting for $600.00. Thanks.