Seeing as @Bill Brandt is a bit of an expert on this topic I will defer, but I would also talk to a CPA to make sure you are on the right track @Alex Yakubovich.

Any first-hand information on DSTs of 731s would be helpful, or any other creative ideas that could make this deal profitable.

Hey Jillian - a friend of mine is obsessed with STRs and has some expertise on the hot tub topic.

Happy to connect and share ideas.

I've been licensed for a little over a year, but really had no specific idea about what I wanted to do with my license.

I have attached a pic for an idea.

This may fall in the category of "just because it has worked does not mean that it is a good idea."

I always look for creative financing options to advance my investing goals.Running the numbers over time is key to understanding what the long term outlook is for this strategy and if it makes sense for each investor.I hope this sparks some ideas on how unique lending options like this may or may not fit your long term investing goals.

That's a Game of Thrones reference, but the idea is solid - you want someone above all else, who always pays their debts.  

Do you have any idea what that fail percentage was?