As Ko Kashiwagi says, we need to know more, such as rate, amortization, term.

Higher turnover rate of tenant2.

Rising interest rates, slim margins, and unexpected costs can kill a deal fast.

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

Utah has some of the cheapest tax and insurance rates, but their rent to price ratio is horrible and rents don't keep up with housing increases like they do here. 

The interest rates are terrible. 

Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.

I’ve got some buildings with great interest rates that just won’t cash flow with less than my original 20% equity.

Very high risk and nearly impossible to make the numbers work for long term buy and holds even back in 2017-2021 when rates were favorable.

If so you may have some full doc options which have the best rates typically and terms.Like others have mentioned you have DSCR loans too but this only allows you to purchase non owner occupied properties (not primary residence or second home occupancy type properties).