I can tell you in MY experience what you describe is fantasy land :) Not trying to be condescending, just telling you from a tired landlord who HATES HOA"s with a PASSION!

Hi Vitaliy,That sounds like some kind of property management fantasy!

Football/basketball team stinks.

On top of all of that, it boasts one of the best college football teams Ohio state buckeyes, which is very well known and has a cult following, and attracts a lot of people to the games. 

The notion that you can do it cheaper and more efficiently than a pro is a fantasy.

What fantasy do they hold that they would believe that their tiny-fisted tantrums would have more weight than that of a leprous desert rat spinning rabidly in a circle?

(perhaps lower density housing has a leg up in the new normal)"on campuses across the country, attempts to bring back football teams for preseason practice have resulted in outbreaks."

(New York City, Boston, Providence) for over 12 years, initially to play college football, yes you read right football not soccer, at Pace University with a major in Finance & Economics.

@Shiloh LundahlOwning real estate isn't passive and short term profitable usually you have to pick.If you want cash flow you have to manage your business, and work.If you want passive you will give most of your profit to a property manager and expensive contractors.People are chasing some sort of fantasy land passive income that doesn't exist unless you've inherited a large trust fund.

See, Socialists like yourself, you live in this fantasy land where everyone will contribute "if they just were given a chance", and where everyone of wealth is evil and all that needs to be done nobody has anything, we entrust all to our elite who out of the kindness of there hearts will dictate and direct life for us all, everyone will sit around the camp-fire each night, sing koom-bi-yah and the world will be a happy place........