The first thing I would do is replace the element. If something breaks or leaks you're not out much for the element and you were going to replace the whole heater anyway. If it works, and it probably will, you just saved a bunch of money. Whenever I work on a water heater I always have the shop vac handy. Works good for cleaning up spills and leaks before they get too big. If you can't get the drain valve to work, you can unscrew the element (not all the way, just until water starts running out) and suck up the water with the vac. Screw the element in, empty the vac and repeat until empty. When you get the bottom element out, make a flexible extension for the vac hose and remove the sediment and deposits from the bottom of the tank. About the tankless heater, don't do it! I added a third bathroom to our house and I was going to replace the 50 gallon water heater with an 80 gallon. Then I thought about my daughters staying in the bathroom until the water heater was empty and I kept the 50. Now they run out of hot water before I run out of money.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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