Downside is you likely need to be asset class and location agnostic.

We have monthly meetings and loads of classes/webinars on real estate topics. 

This class will include hands-on deal analysis and a tour with a contractor to learn how to convert a home to the optimal PadSplit setup.

I like the West Mobile area, its class A area, you can definitely find deals there, 3 bedroom with 2 bathroom for around 220k or so, you may have to wait a couple of years for positive cash flow but properties there increasing in values better than others.

Depends on the Class of the property/tenant.Class A, you may just have occassional maintenance issues.Class B, more maintenance issues, some tenant payment issues, some tenant drama.Class C, a lot of maintenance issues, a lot of tenant payment issues, a lot of tenant drama.Class D, too much to list.

Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas. 

My metro STR is much cheaper(180-280 nightly) and in the “burbs” which tends to be working class clientele, which is okay.

Class A.

As somebody new to REI, what is the best way to handle rent lost when buying a fixer upper during the work?  

What is your price range (or down payment range) and are you looking for turn-key properties or something along the lines of a "fixer upper"?