Also recognize what a 50% population decline implies for appreciation and rent growth.Typically tenant friendly laws are enacted because of crazy low vacancy numbers (I.e. housing shortage) and even with the tenant friendly laws the power is with the LL.  

We have a housing shortage and these incentives allow us to help the community and turn a profit at the same time!

The housing shortage drives the appreciation and rent growth much more than affordability limits them.   

Apple, Google, Xerox, Fuji film, and Meta are all coming into the area. 5k people a month move to the area which has created a housing shortage, rent spikes, major appreciation (not just due to inflation) and you can still find single family homes for sale on the MLS in good condition for ~250k+ Tenant-landlord laws are landlord-friendly and taxes are low.

This is a very common scenario and becoming more so with inventory shortages in many of the popular markets.

We focus exclusively on fixers for our investments, but you should know it's not easy up here - we have a severe construction labor shortage in Seattle-Tacoma, so renovations often take longer and are more expensive than you would hope.

I was under the impression that KC had the same shortage of available units that we are having over here in Topeka? 

The landlord is the enemy and the city feels the community wide issue of a acute housing shortage should be the burden of a small subset of the residents.  

Purely my opinion ...The housing shortage is nowhere near resolution.

We experienced the same situation (housing shortage) and I bet 85% of the people were tire kickers.