If your lucky its leaking from the drain plug or pressure switch. Take the sides off the heater. If its a simple fix you will now be able to see the leak, and should be able to make the repair yourself. if not it is undoubtedly the heat exchanger. Rheem/Raypak calls it tube bundle. I suggest a repair technician for this as there is internal parts to inspect and look for proper operation.
At least now you will have the knowledge beforehand when the technician comes and says its a 1000.00 repair its not a simple lucky fix he should have caught for a faction of the cost.
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