A properly sized one requires a ton of power. You can see the lights dim when they kick on. Some LED lighting will flicker.
People dont realize what is involved in changing from tank to tankless. More circuits and larger wire to the unit and sometimes a larger electric service to the house. I don't know the issues with gas side, but Im sure they have similar problems as the electric with adding the extra load. Everything is electric around here so I dont recommend them. If you have gas appliances, then maybe the electric would suit you better.
I was fortunate with the gas one I just put in. There was already a 1" steel main gas line ran into the mechanical room from the meter, so all I had to do was reconfigure the take offs to get a 3/4" going down to the water heater. Electric plugged into a standard outlet. The hardest part was getting the venting done.