Now normally, this works perfect. I give him everything I can, send him back to Riverwood, and when I get back to Riverwood I re-collect my loot and sell them.
But not this time. Faendal was at near-death after we fought some Falmer, so I decided it best to send him home. I told him to part ways and he began to leave. Just to be safe, I rested for an hour and continued my quest.
Unfortunately he is NOT is Riverwood! Nor is he in his house! He is nowhere. And it's been several in-game days. He has some enchanted items and some other expensive loot on him which I would like to have back... but he is nowhere to be found.