A tenant who in bad faith violates this section is liable to the landlord for an amount equal to three times the rent wrongfully withheld and the landlord's reasonable attorney's fees in a suit to recover the rent.

At that point the economy and stock market recover and life goes on. :)

I am curious if anyone has been a part of an investment group/partnership of which you/they have been able to recover the investment.

So we have purchased at highs (1992 and 2003: both depreciated nearly 20% after purchase before recovering and appreciating far past purchase price) and lows (1998 (by far our best purchase: over $100K/year in rent), 2012 (distant 2nd best purchase), 2013, 2014) but because we hold long term every purchase has been profitable. 

Little "secret" about my rental income during this pandemic ---I'm only afraid that my tenants who are RN's are going to get sick and die from having to treat the COVID19 patients (one already was serious ill for a week, but recovered). 

Younger people have plenty of time to recover if something goes wrong.

We also made sure our tenants knew that our goal was to help them avoid LARGE balances that they would have a hard time recovering from and potential evictions down the road.There may have been many factors that have played a role as to why some landlords had issues collecting rent, while others did not. 

Assuming that's in there (and I would bet money it is), I would attend the next HOA meeting and let them know they can either deal with the problem, or I will have my attorney deal with it and when my attorney deals with it the HOA will be named in the suit to recover attorney fees at a minimum.

You are going to save $200/month and the closing costs you will have to pay upfront will take 69 months to recover? 

This is the nightmare scenario everyone hopes to avoid if you can you'll have to tough it out until the powers at be decide you can actually try to recover the funds you are owed and once that is the case this is one I wouldn't let go unless it is a last resort, because not paying anything towards rent is a choice not a necessity, even in HCOL Bay area and with a newborn the tenant isn't spending $4k of unemployment on groceries and utilities per month.