I'm not too optimistic that this will change in the next six months or so.

@Roger Devore it is hard to comment here as we have no idea where the property is or what shape it is in; 3.1% seems optimistic for an investment property loan but you say you've looked at refinancing so it may be a justified assumption

I spoke with an attorney but he was not very optimistic.

Usually, the lower-priced lenders will tack on fees at the end or are being very optimistic. 

But if you're bullish or optimistic about buy and holds in OR, I'd keep what you have.Lastly, if you're a more logical person.

I thought the same thing, adding 3 more units to the mix might ruin the demand but I’m optimistic since there are only two other lake houses listed in the area.

I'm optimistic for myself, but less so for others.

Maybe I'm too much an optimist

A partnership agreement is not generally required for taxes; however, it is very important to have before you get started so that you all agree on how you will run the partnership while everyone is optimistic about the investment and more likely to agree with each other. 

We might be optimistic and naïve but it’s one avenue we want to explore more.