I've gone over this in other threads, but the "species" rule is basically the equivalent of "lying to children" when it comes to genetics. We have multiple examples of species interbreeding an having viable offspring (usually when the offspring is female); examples include Tiglons and Ligons and Hawaiian ducks, the latter of which has speciated completely but can still reproduce with both of its parent species and have viable offspring. Breeding between species is so absurdly frequent between waterfowl that most of the ducks you see at a park probably are mutts. We also have genetic evidence that humans have done this - modern humans outside of Sub-Saharan Africa have Neandertal DNA. We also know that there are examples of subspecies mating that have completely inviable offspring. Ensatina, for example, and dogs with a huge size difference, like a Maltese and a Great Dane, aren't going to make it to term.
Then there's also behavioral limitations as well; one species that may be separated by a river may not recognize itself as the same species as the ones on the other side and simply refuse to interbreed. This is usually the case for small mammals.
Reality is a much more complex system than "everything of the same species can interbeed."
