It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.

Are they required to publish financials or do they simple "intend" to publish financials? 

It’s designed specifically for real estate, with features like rent tracking, expense management, and tenant payments, making it more tailored for property owners.However, if you’re used to QuickBooks or need more robust general business accounting (e.g., payroll, invoicing for non-rental income), you might want to keep both.Ultimately, it depends on your specific needs:For property-specific accounting, Buildium is likely enough.For broader business finances, consider running both or consulting a CPA to see if Buildium covers all your requirements.

Now working on my short term properties as I like to do hands on maintenance or designing and financial strategies as much as possible.

Outside of real estate, I'm an entrepreneur and 3D Landscape Design or Outdoor Living Luxury Expert. 

And I don't agree with his interpretation.I would personally love if it was clear and simple and, most importantly, investor-friendly and 1031-friendly and cost seg-friendly.

This keeps things simple and avoids any potential issues between tenants if they were to discuss different rent amounts.

We've been communicating quarterly on the property status, but a simple search on Zillow made me think he's lying to me.

(An exception is if you own 5% of the company you work for)Agree, this is a great summary post on REPS with core concepts on how to qualify. .I think the complexity comes in when people have edge cases - it becomes difficult to write a simple short post that educates everyone.

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