Planning to talk to owner.

And plan to hold it forever, even if they outlaw STR.

Nothing kills a deal more than poor planning when it comes to financing. 

Presently inhabited by tenants with plans to eject them if necessary.

Professionally, I have study and working experience in the German Taxation Laws and know that Taxation is a crucial and vital aspect in any business in any country.I already have property here in Germany and currently planning to expand to Dubai and Miami USA. 

This is your first property and you plan to live there? 

I'd rather not do an entire cash-out refi because I have a much better rate on the property than I could get today.With a 70% LTV planning factor, I'd still have plenty of room for the cash I'm looking for to make the down payment (~125k).Thanks for any help/advice!

You should not calculate that in your review honestly.Curious if you have the cash for that debt why not just pay it off as the interest is probably burning a big hole in your pocketTotally get what you're saying and I plan to pay off my CC debt regardless of this deal; however, they are also asking me to pay off a big chunk of my car loan now which is why the number increased after the rate hike. 

Circumstances have changed my life path, and I plan to succeed in this new venture.

If you are buying a rental property and do not plan to live in it, you may qualify for a DSCR loan.