A similar question on if to use Projects vs. Classes:

We have one legal entity set up in QBO. We are building two buildings in this QBO file, a hotel and office building. We'd like to separate these two projects out. I'd like to use Projects over Classes. However, I read that you can't run the balance sheet and P&L by Project. Is that true? I do need full reporting by Project. Classes allow you mostly to do this. But unsure if Projects does. Is this true? Is there another recommendation on how to set up QBO to report two projects within the legal entity?