Did I miss where it is? If it is out in the sticks, I would pass. If there is enough population to support filling it I would consider it some more. The price is low but the capital needed to do a turn around is huge. Figure about $150k - $200k outlay to fill the empty lots with used homes. You will get this back over time after you sell them but you need access to that kind of capital to bring them in and you can do them over time, so you may get by by recycling the capital through different homes. I paid $25k to get the rough roads in one of my parks about the size of this one in good enough shape so that I was not embarrassed to be the owner. That water bill is a major problem and could cost you a fortune to fix – or it may be obvious where the problem is and perhaps an easy fix – who knows. And those ratty POHs and soak up a lot of doe before they are put right.
Do all of that and bump up the rents a little and you might have a million dollar property, but your hair will be as gray as mine.