You And your need to talk to a cpa..You can Not 1031 exchange it to avoid taxes if he sells it to you for his cost....You can’t 1031 your primary residence1031 is only for investment properties held long term, typically 1-2 years or more.You Can have him sell it you for his costs (you could likely do a sub2 without a lot of risks)...if you then held it and lived in it for two years your gain would be tax free....more than 1 year, less than 2, you pay cap gains tax.Other than that, the cleanest way is probably for your dad to sell it, give you the profit after taxes.

But if you did the same work before placing it in service, most of the CPA will not take de minimis. ( I would take and we have taken). 

I have partnered on several buildings here in the Berwyn area, and I was fortunate to partner with guys who had skill sets very different from mine (CPA and business owner).

Looking to understand all my tax responsibilities when I complete 3 FLIPS this upcoming year. 2020 year. Someone link me... or drop a name thanks

Before you create any entity, it's highly recommended to consult with an attorney and a CPA. 

I would get in contact with a good real estate attorney or a good CPA..

As a part of my job, I "get paid" to network with local banks, lenders, CPA's, commercial and residential agents, investors, attorneys, and contractors DAILY.  

I am also taking a Masters program that will allow me to sit for the CPA Exam.

I was also told by my CPA that I need to “reset basis” for future tax issues (for when I sell it sometime in the future), so that’s another question I have no answer to.

Okay so been talking to a CPA and they are telling me that I can't take a previous year's expenses and apply them to the year a spec home is built because I run on cash accounting.