I think rents are just almost to high in some areas.

Is it feasible to be cash positive considering the high interest rates?

I highly suggest that you attend local REI networking groups and meetups to connect with fellow real estate investors. 

Some places look like they are in really nice high-rise buildings with probably really strict rental/leasing terms from the HOA. 

So, that is an additional deduction you get to lessen the taxable income in the end.

@Jay HinrichsAn unusually high number of “gurus” had actually previously declared bankruptcy when their real estate “programs” , almost always highly leveraged, went bust.

For a high end rental, if I were the tenant, I would want one.

To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

Which is to say, like @Matthew Crivelli, you're going to have a hard time getting a loan with bad credit.Now, some DSCR lenders don't require super high credit, but most want to see upper 600s.

A couple of facts: a) Not planning to sell it anytime before 5 or 10 yearsb) Planning to refinance it next year or so, after the renovations are overc) Planning to use the unit with backyard as short term rental- General contractor gave me a very high number.