The tankless water heater in our house in Monarch Grove seems to have been installed in a location close to the main appliances, not the bathrooms, which actually makes sense. However, i would still advise running a hot water tap to get the water hot before running the dishwasher or washing machine to ensure hot water will be delivered to them when they fill.
As for the shower/tub, just turn on the hot water before you get undressed. It takes 1-2 minutes for hot water to reach them, but is not an issue once you get used to the routine.
You will use a bit more water with a tankless heater but you will no longer be keeping a large tank of water hot all of time. Overall you will see a significant savings.
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