Fortunately, my connection on the board kept steering them away anytime they came back to that when we met on it.

Good luck exactly the 1% and greater rule steers ( especially first time investors who think that is the metric they have to hit) into what is almost always higher risk rental areas.

This wasn't a problem for us but I would certainly steer clear of any projects that are time sensitive and require some kind of planning.

It means trouble has been brewing, and he did nothing to help his investors steer from it besides cap investments, especially since the underlying investment has been failing for 6 months+.

Just cause they don't fit your investment criteria, we shouldn't steer other people away from them.

Everyone just skips over this tiny detail, and instead, wants to steer the discussion toward the APR of the mortgage, and then argue about how that compares to the HELOC rate!

When they don't.. and may steer me the wrong direction. 

Building is a different beast then buying a property already built so I would steer away from that unless you are established.

Are you considering Section 8 or do you want to steer clear?

It's steering and its not allowed.