I am looking in areas that are more Air BnB friendly and starting to grasp that concept.  

You can see my concept at:https://www.biggerpockets.com/forums/600/topics/58...

Seems like some may balk at the concept of this.

It was not a master lease, but similar concept.

@Eric Rodriguez the best way to learn a market I have found is to read the business journal for the city.

I love the concept of forums for sharing information. 

I just learned about the 70% rule and debt-to-income and some other rules of thumb.All in all, what i'm trying to ask is, are there any important terms and/or concepts that I should really get to know before fully immersing myself into wholesaling?

I'm ready to make my first real estate investment and became intrigued by the concept of purchasing a parking space for lease. 

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Buying into an existing transaction that involves a disqualified party would not fit within that concept and would certainly create a self-dealing prohibited transaction.