Sorry Jeff, but your given scenario is a recipie for disaster in all aspects.
All you will end up doing is riding like its a trackday cos you can't crash the bike cos you dad needs it, so you can't push it when racing, so you will learn little.
And the bike will only be a road bike, so it will always handle poorly as a result, and so will always be a crash waiting to happen.
Inferring from your comments your budget, you can prob get an old 400 in race trim, but not one that can be used as a roadbike also.
But those bikes are maintenance intensive, quite hard to race actually (I know, I've tried) and getting expensive to find some parts.
An NSR 250 or RGV 250 is a very good alternative. They are fine roadbikes and can be raced in road (or slightly modded) trim.
Put it this way, a bog standard NSR250 in 1989 did 1:16.00 around Manfeild (with a good rider albeit), but it can be done, and I used to ride mine around Auckland with no worries.
Racing bikes takes a bit of money, that is just the way it is.
Steve
"Life is what happens to you while you're busy making other plans." John Ono Lennon.
"If you have never stared off into the distance then your life is a shame." Counting Crows
"The girls were in tight dresses, just like sweets in cellophane" Joe Jackson
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