You are correct that the tax treatment of Airbnb business (emphasis on "business") is distinct from other forms of real estate investment - and that you should get clarity about that to incorporate into tax planning and investment ROI analysis.

Stanley was fascinated by the different ways women get rich as opposed to the ways that men get rich.He believed that his research into millionaire women allowed him to separate them into two distinct groups, with minimal overlap -- women who got rich because they came from stable households that prepared them to become successful with money, and women from very different, unstable households who got rich in spite of the odds.

If you just look at the City of Toronto itself (3 million of the 7+ million Greater Toronto and Hamilton Area) it has, within it, dozens of distinct "markets." 

Hence as @Karen Rittenhouse reiterated, there's a distinct difference between 1. wholesaling a property that you own and 2. 

Two distinct income sources that must be separated to be able to assess the true value of a property.

We have very distinctive areas.

Another distinct possibility: Your numbers are wrong. 

When you do a BRRRR deal of Flip there are 4 distinct areas of costs.  

Hunt Club may look close on a map but it's in a distinctively separate, inferior sub-market to fountain parc.

There are three distinct types of knowledge you needThe strategies - you don't need to know them all, You only need to  know one, enough to do a dealHow to evaluate a deal. - Many never get to this point.