There is a big difference on recovery time on gas vs electric and for a whole house water heater I would be surprised that a $3-400 tank would work. 

Pocket listings and word of mouth have become more important as this RE recovery continues in most markets.

Whether or not you end up actually taking the person to small claims court is largely a personal decision and also depends on whether or not you reasonably expect to be able to collect on a judgment.I wrote about my experience with taking an ex-tenant to small claims court here: https://www.biggerpockets.com/forums/52/topics/252435-taking-a-tenant-to-small-claims-court-part-1If nothing else, I’d suggest at least reporting the debt on their credit report with a service like one of these:  Rent Recovery Service or Debt Reporting Service.You don’t even need a judgment to report it, and - who knows - maybe some day they’ll need/want to pay it off.

When a stock that was $50 for a long time gets to $20 it seems cheap, when it gets to $10 it seems cheap, when it gets to $5 it seems cheap, when it gets to $3 it seems really cheap and you look back at the $50 and say, boy this thing could really be great if it went back up.However, the reality is that it is much more likely that the company is doomed and injured beyond recovery and the stock eventually goes to 0.

Large drop shows weakness, recovery may not reach pre drop before it drops again.

Yes it hurts but ripping off the bandaid is the quickest way to recovery for anything/anyone.

Sorry.I will say that based on the long quote below, I would assume that the numbers were $90k in cash in up front, and $3k/year...not month, because that does work out to 30 years to cash cost recovery.. 

As they run through their backlogs and see that the recovery is a pipe dream, they will begin with the layoffs.

Even the great Ray Lewis retired when he was 37; your career is winding down and based on what other ex-professional athletes have told me it's important to find a fulfilling profession after their playing days end (I knew a USC football player and he told me he and his fellow Trojans have a text thread and a lot of guys have trouble finding purpose in their lives after football ends - some of them never even played in the NFL and still felt incredibly lost after football).You have the capital and it sounds like you've done deals prior.

Speedy recovery, man.