Plunder. 3. Each battle will yield a good amount of money, resources, and renown. All of which will allow you to grow your army. No matter how big it is, you can always come back here for more because the ai never learn their lesson and realize that this location is a deathtrap.
Tournaments will get you both money and renown, and the rate will be high at the beginning. However, the bonuses will quickly diminish if you become a famous and renowned fighter. Quests -- when you are more or less established, but not a steamroller to everything yet.
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mount and blade 2 fastest way to get renown