He would do something along the lines of a SAFE note, where the note will be secured by future equity, and primarily looked for investors to loan that had unallocated capital but wanted cashflow (retirees, people with little time, or people that didn't have the skills to find assets that made sense financially).

I see UTC as both a draw to the youth and retirees since one is able to take public transportation to employment centers of Sorrento Valley, the entertainment of the UTC Mall, get to Petco Park, Old Town, Downtown San Diego Mission Valley.

I have had some advice that the target market is: retirees, probate and divorce attorneys, builders and title companies.My question for the folks out there is, what is your experience with the supply and demand for seller carry back notes? 

For example, in my area, there is a community were the lot rent is over $1000/month, and there are so many homes for sale (because the retirees don't want to pay that much), the median home will sell for $25K.

In the right location, they are quickly becoming a permanent living solution for retirees on a budget.  

I have also noticed that many retirees also are mom and pop investors.My full-time job is in law enforcement, and while I love real estate, I would prefer to not work in it full-time as of right now.

My family have several rentals of retirees who have been there 5 plus years in the same rental and NY transplants who been renting for years.

All the tenants are Contractor, retirees, Nurse, store manager,etc.

As a retiree , I will take full family Health insurance coverage for a very low price (1.5% of my pension amount ).

Retirees like myself are advised to have a couple years of living expenses set aside in cash savings so we don't freak out if the markets crash.