What do you think of this off market Mobile Home Park?

[Will Gaston]

All:

A broker I do a lot of deals with brought me an off-market Mobile Home Park.  Here is the overview that he provided me:

• Asking Price $1,200,000
• 9 Acres
• 43 total approved and zoned spaces
• 34 park owned homes
• MHs range in age from 1974 to 2000 but the average is ~1985
• Current rent $19,585.00/month
• 2 vacant homes that need to be rehabbed (estimated $595.00 per month for each)
• 7 vacant spots with power water and septic 
• All units have central heating & air
• 2 Wells with 3500 gallon water storage tank for all units 
• Septic tanks for all 43 pads 
• 2 Dumpsters for trash at $3,900/year
• Annual property taxes (real property and for MHs) are currently $6,100
• Owner says 2017 repairs were $41,000 

I've owned and managed a lot of property but this would be my first MHP. Property seems to be have been well maintained by the current owner. Would love some feedback on the following:

-Based on the info provided, does anything jump out as a red flag? Anything that I need to look out for? 

-I have no interest in being hands on with this investment. What type of PM would be the best fit for a 40-ish unit park? Seems like it would be helpful to have somebody on site but not sure the numbers would justify that.