It is not an either/or, rather it is an enabler.

What’s more it puts the responsibility on the mentor being “good enough” or their wisdom being “sage enough” to enable you to pull the trigger on a deal.

Can you find the deals that will enable you to pull out a big chunk of money after renos?

But, what if you spent lots of money changing your systems over to enable them to gather the new data fields?

Screening enabled me to find great long-term tenants that treat my property as if it were their own.Yes, it requires due diligence upfront, but ultimately pays off exponentially in the long-run.

So asset management is a strategic role enabling a solid return on the lifecycle of the individual investment, and portfolio management is concerned more broadly with asset allocation and risk management.

@Stephanie PotterThat's very informative, thanks for sharing the latest revision on FHA guidelines, as well as the link.I may be wrong but if I follow your math on the last bullet correctly, an FHA down-payment required, may include 3.5% + 1.75% (upfront MIP), thus, lender financing up to 94.75  vs 5% down-payment conventional enabling a 95% financing.

I’d suggest areas where you have at least 2-exit strategies enabling you to cash flow or flip for profit.

Also, there are a lot of SmartPhone apps available today that enable small businesses to accept credit cards.

I was thinking along those same lines @Brian P. by approaching her with an offer for a portion (ie 1/3) cash and the remainder carried back in a second position note for a period of two years additional to enable me time to force appreciation in the property.