I read the book "Quit Your Job in 19 Weeks or Less - The Ultimate Real Estate Investment Blueprint" by Sean Terry and was consumed by the concept of wholesales.

I really not looking for a recap on the basic rules or concept.

I don't quite understand it and was hoping you guys could explain it to me (I'm sure it's a really basic concept I'm just missing).How does equity come into play in notes investing and why do you care about it?

The suggestions from @Dave Visaya are great resources and will help you figure it all out.Lastly, spend time everyday on BP getting comfortable with the Real Estate Investment (REI) language and concepts.  

These malls have anchors such as Macy's but the anchors do not pay much money per sq ft at all.More sophisticated mall owners that are more experienced are converting the spaces to restaurants and more entertainment concepts that draw consumers into the center.

I have a few flips under my belt and I'm definitely hooked at this point.I have a true passion for real estate and the various concepts surrounding it.

Also note there are a lot of millennials who don't have a concept of balancing finances and will spend more money than they can afford. 

The only way to to get your entitlement restored is to pay off the home (sell and use proceeds to pay off note) or finish the last payment after 15- or 30- years.Using the above concept, you could look at a low down payment loan for the first SFR (using FHA, VA, 3% down conventional) and save up for a 5% down OOPR as the 2nd home while renting out the first SFR.

@Kevin FoxInteresting meetup concept.  

I am not totally new to real estate since I have bought property before, but I am new to the concept of working in real estate for income.