Investment Company makes a $150k investment, and pass the remaining $100k to me as distributions, which are then taxed as income.Would that be considered tax evasion? 

Also, maybe don't broadcast tax evasion on the Internet?

This is called tax evasion and the IRS has an unlimited statute of limitations. 

http://dornish.net/store/quick-turn-and-wholesaling-real-estate-in-pennsylvania/The OP might want to buy that course ;)Opinion of somebody who has been doing RE investment for lots longer than I, is that to do this upon occasion you might be OK, but to do this as ordinary repeated business practice might be taken as a deliberate plan to circumvent tax payment (some might call that evasion).

This is more a case of ignorance than tax evasion.

Then you open yourself and your system up for an attack based on fraud and tax evasion.

(I’ve been informed this strategy could be seen as tax evasion) Thanks in advance for all of your help!

(I’ve heard this is tax evasion however and would appreciate some clarification) Thanks!

If he sold you the property for $1, and the IRS got wind of it, they would either consider it a gift to you of $999,999, and likely ding your father for failure to file (at best, and at worst an attempt at fraudulent tax evasion).

@Xavier GarciaDude, your post is exhibit 1 for the government on your tax evasion charges.