An inspection is diagnosis without a repair attached. Nothing gets flushed, no parts get changed, and nobody is trying to sell you a component at the end of it. The deliverable is information: what unit you actually have, how it was installed, whether that installation still meets code, what condition the combustion and water sides are in, and what it is going to need over the next few years. For a lot of Frisco homeowners, that is exactly what they need before they can make any other decision.
The most common reason people call for one is a real estate transaction. General home inspectors are competent generalists, and tankless equipment sits at the edge of what a generalist can evaluate. A typical inspection report notes that the unit runs and produces hot water. It rarely records manifold gas pressure under full fire, vent termination clearance to the nearest operable window, whether the condensate line discharges through a neutralizer, or whether the gas branch was ever upsized when a tank was converted. Those are the findings that turn into money after closing.
The second reason is inheritance. You bought a house in Newman Village or Frisco Square and there is a tankless unit on the garage wall with no paperwork, no service history and a brand you have never dealt with. An inspection tells you the manufacture date from the serial number, whether the unit was ever registered for the extended exchanger warranty, whether it has isolation valves, and roughly how much scale is in it based on measured performance against the rated spec.
The third is disputes. When a manufacturer denies an exchanger claim, or when a previous installer's work is in question, the argument almost always comes down to documentation nobody produced at the time. A dated inspection with photographs, manometer readings and combustion values is a very different thing to bring to that conversation than a recollection. We write the report to be readable by a homeowner and defensible to a manufacturer.