I currently have some commercial property in Melbourne, have done some flipping and small development however due to what I believe is simply a way over inflated market have seeked alternative REI's abroad.

If I am operating a service company which owns a truck that is being depreciated, can that same company also pay me a vehicle expense based on the miles I have driven in my personal vehicle?

This is just one example of alternative financing for investors. 

Another alternative is you guys join your two companies inside another vehicle, like an LLC or LP, each contributing the set amount of cash into the company and the company makes the investment, title vests in that name and control of the company is determined by the Operating Agreement.  

Alternatively, you can find older folks who may want to carry back at 5 or 6%. 

Are there some similar alternatives so that I could take this house off of his hands without an outside investor or money from my pocket?

Tunkey is typically the alternative for those in the higher priced markets.

I own a REIA, it is 30 years old, we do not promote outside products for sale and the cost of the meeting is freeI am not promoting this REIA, I just want you to know that you have alternatives when it comes to these REIA meetings.You should be warned that there are sharks circling around these meetings looking for the inexperienced to sell something or somehow extract money from.

, they will see there is money in that account and come after you. find an alternative place to park the money until you are ready to invest more or for repairs.

Just having a conversation nothing more.I would suggest an alternate description for your current place in the process of this asset.