pull starter

I am having a start problem with my Sportsman 500. I thing it is the starter, however, when I used the pull start I found the pull starter full of rusty water. I have not used the pull starter for a very long time, is rusty water anything like normal?

I have never had to pull start my quad but went to start it today and its dead have the charger hooked up now and still wont turn over, hasnt been started for a couple a months and going ice fishing in the morning and could really use it just wondering where the pull start is located if there is one