No tankless. Done it once and I'll never do it again. How ever long your tank heater lasted, a tankless will last somewhere between half and one third that time.So, my (not a rental) 15 year old hot water tank is weeping. I've suspected it was on its way out for a while now, since, despite being 50 gallons, it runs out of hot water pretty quickly. I got a consult from a well known installer (handles the Home Depot contracts) and he recommended a huge (199K BTU) tankless unit, which is about 3x the price of a high efficiency power vented gas tanked unit (what I have currently).
HOWEVER
I also, due to the storm damage, now have 200A service in the old Century home and the electrician put in a 240V breaker for an electric hot water tank on the chance I went that route in the future.
House is ~100 years old, one kitchen, one bath, though we plan on adding a second bath at some point. We do lots of laundry, dishwasher runs daily.
Anybody have experience with this, and which way did you end up going? My wife is keen on the tankless option, but I'm less keen about spending that much money without there being a very clear advantage to doing so.
My go to plumber loves tankless, says they make him a lot of money.