The maximum one can purchase is $10,000.Is the 7% compounded monthly?

You can't fight the power of compounding interest.

I am thinking about purchasing a cabin in Broken Bow, OK and I am wondering if a 1 or 2 bedroom for STR is still a good investment considering cabins there have seen an appreciation of about 30%+ in the last year. 

It's sort of a compounding effect to own property someone else is making the payments on and you reap the benefits.As a Property Manager that lives in Queen Creek and loves the area I vote you enter the arena of rental homes!

I had noticed a bow in the beams above the kitchen.  

Investment Info:

Other buy & hold investment.

Purchase price: $410,000

Cash invested: $10,000

This was a very unique and exciting deal. This property sits on 2.5 acres just 10 minutes from Lake G...

Investment Info:

Other buy & hold investment.

Purchase price: $410,000

Cash invested: $10,000

This was a very unique and exciting deal. This property sits on 2.5 acres just 10 minutes from Lake G...

Appraised $100,000.SFH B, owes $110,000. 

During hyper inflation you want to a) own things that will hyperinflate b) owe money that will hyper-depreciate.

As mentioned, if you are just ripping up the floor and just using some leveling compound or perhaps redoing the subflooring I don't think a permit is warranted.