If so, what has been your most beneficial strategy in locating properties to BRRRR (MLS, direct mail, sheriff sales, foreclosures, etc.)?  

Either is good with me...realtor costs you money is only difference"**sends me a screenshot of his FICO score"Shows I've only been late 3 payments in 7 years and I'm sure those are bs cause I don't make late payments""Just trying to make you feel comfortable that I'm serious and good choice if we like it" My question - is this normal?

Brandon is right, Austin & Nashville are up there in terms of new construction, but they're also the top choices for companies moving out of California.

Deals do go fast & I know it will be more beneficial to be there.

If you are willing to house hack, that one choice will put you so far ahead of most investors acquiring their first property, you can hardly quantify it. 

If given the choice between two loans, which would you choose and why? 

If he has a fit (which he may), maintain your composure and explain that HE has left you no other choice.  

If she pays him back then he is removed as trustee and has no further beneficial interest.

Now they have a choice of selling for top dollar and paying capital gains and depreciation recapture taxes only to put the proceeds in a .8% CD or hold as a cash flowing inflation hedge and allow their kids to inherit the property on a stepped up basis.

That would be especially beneficial in higher priced areas of the Chicago / Northshore market where I cannot get lending.