How is a POA created? Golf course investment opportunity

[Kevin Krysty Jr.]

I am a newer real estate agent looking to break into the investing market for bigger investors as well as my own interests. I HAVE NOT bought a property myself yet, or assisted, have only sold a few homes as a listing agent. Either way, I live in Pinehurst, NC (a.k.a - the golf capital of the world!) and our real estate market is hot...I have found what I think could be an absolutely amazing opportunity of a golf course and subdivision. There is currently an Arnold Palmer designed golf course, that has not been taken care of well. It needs new greens, probably irrigation systems, and some TLC to the clubhouse and property grounds...as far as the subdivision, there are some very nice homes and they are starting construction on upwards of 400+ NEW homes in that subdivision. My thought is, if an Investor purchased that golf course (along with maybe some lots) I think if they did things the right way, they could make MILLIONS in After Repair Value. One of my thoughts is this, if I owned that golf course, what other ways do I secure cash flow besIdes the golf itself? Membership to course, POA (<— MAIN QUESTION RIGHT HERE...who creates a POA?). And also just curious as to what a fair price for a rundown golf course is...I believe where we’re located this could be a great opportunity. Open to any and all recommendations! Thanks.

[Jay Hinrichs]

Originally posted by @Grant Rothenburger:

@Kevin Krysty Jr.

@Jay Hinrichs Have you ever bought a golf course?

 never got one through.. bought the dirt for two in N. CA though when I worked for a big syndicator in the land ACK roll.. they cratered though so projects never got going or finished.  golf is dying..