The best use of your time is sourcing money and finding more deals. Having good asset management skills allows you to hand over day-to-day operations of a property to a property management company while you oversee it from a high level view.
If a deal fails, the most common reason is the initial underwriting was not done properly. When this happens the investor doesn’t see the return he/she projected and his/her investors do not get their return that was forecast.
You’re not in business unless you are doing deals. In order to do deals you must form key relationships, create a brand that is trusted in the marketplace, and work a marketing plan that brings in qualified deals on a regular basis.