Demand from buyers seems to be decreasing even though inventory remains relatively low.  

If so, What are the risk reductions for reaching out to an attorney? 

With $415 for a triplex that would give you roughly $105 per door which is good but I would be a little concerned with your Cash on Cash being as low as it is.  

My questions would be is it possible to find lenders given my low credit score?

@Katie Haney  careful that price range and tenant range is for experts in the local market generally.. out of state folks stand a very good chance of having some pretty rough financial times .. take your 50k and buy something for 150k you will thank your self over time. there is a reason a duplex would sell that low in todays market.. the market is pricing for risk.. when you live out of market your risk already goes up... there are plenty of better buys out there .. than a duplex at 50k..

Inventory is always low here.

My perspective is that a lot of people think certain businesses are low-touch.

@Mary Joe Not meaning to be a smart ***, but if you are looking for passive, low return, risk averse, long term investments, what not just invest in a few good income (dividend paying) blue chip mutual funds?

I would also add real estate and bonds to the list as well.I think we are in a deflationary environment (i.e. too much debt and excessively low interest rates) and expect the value of most asset classes to fall over the coming few years.Like you, I'm saving my cash and hoping to buy my first rental property when prices come back down.Best of luck with your investments!

I do have a flip in Louisiana that sits a little low that could have issues but the lot is probably worth what I paid for it