There is still a lot to learn but sounds like you are on the right track. 

@Brittney Yang first red flag is it doesn’t sound like he’s that interested in long term holds but the primary reason for partnership is expertise in renovation and secondary reason is balance sheet and income to help get financing.Regarding reason one, I would offer to compensate him for his time in assisting you and have a very clear scope of what that responsibility is.  

From reading your posts it sounds like you're referring to real estate education programs.

In the end, completely worth it. 

There are so many holes in the concept of having Airbnb's policy act as your primary form of coverage.Last thing - it sounds like you have a standard homeowners policy and not a landlord policy?

It sound like you have your area under control. 

I’m not sure how good either are in your area but it sounds like you have a great connection with your father.

Im considering it as the course includes a coach for 6 months and a complete program.

When you do the turnkey offerings to completely new investors like that, you're going to end up working with a lot of inexperienced investors who blame the turnkey operator for things that are a normal part of the property management business.

Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.