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I guess what I'm concerned about is the exhaust. Is the exhaust going to be a problem if it's in the crawl space? Will it be a fire hazard?

I'm looking into getting a Takagi outdoor tankless unit and I'm thinking about installing in my crawl space. The crawl space is conditioned but the access to it is outside, so temps can get pretty cold down there. I wanted to do an outdoor unit to eliminate the existing venting up into the attic...