Immediately After Lipo Should the Lipo Spot Be Covered or Left Open to Ooze out Fluid or Bandaged?

You are describing an open incision approach most likely - in either case keep it bandaged until the site no longer leaks.

Open Incisions vs Closed for Liposuction is highly variable based on surgeon's preference. If they are to be closed then it would be right away, not 3 days later. Most Board Certified Plastic Surgeons close liposuction incisions regardless of the type of liposuction used (Smart Lipo, Ultrasonic liposuction, conventional or PAL - power assisted liposuction. In my more than 2 decades of practice and trying each of these devices, I have not found any prolonged recovery by closing incisions. On the contrary I feel that I have prevented the mess and hassle to the patient. The ultimate scar has a better chance of being smaller if sutured.

Best to check with your plastic surgeon about the technique used (open or closed incisions), what to expect, and how to treat the incision lines. Best wishes.

Some drainage is typical after liposuction when the access incisions are left open.  These areas should be covered with sterile dressings that are changed often.  The drainage should slow down within the first 24 hours.  The best advice is to call your doctor and to get examined immediately if they deem it necessary.