I am glad that I helped!
As to your question, Yep! AI means that you swap buffer with A, then buffer(Which is the piece that was at A) with I.
Also, along with the Old Pochman->3Op-> M2. I learned BH right after I learned Old pochman. It really is not a difficult thing to learn. Essentialy, BH is a method where for every letter pair (AB->XW) you have an algorithm to solve it htat is between 8-12 moves. You may think this is crazy because there would be over 500 algorithms, however it is all intuitive, and you get a really good feel for the cube.
Also, when I started learning my "Geography of the cube," I did it like this: For each side, there are 4 stickers. So what I did, was I learned Each top left corner sticker. That was fairly easy, those were just A, E, I, M, Q, U. You then can count out each letter from those, and you start to get a really good feel for each and every letter. All though, for some reason, you get a strange "affection" for certain letters (For instance, I Like F,L,D, R, S, and P for some reason)
Also, just some general hints for BLD:
Be consistent. A lot of set ups have D s in them, so pick either d or D to use. (It is just a personal preference)
Generally edge setups for old pochman take the form of
A. D() L()
B. D() M()
C. L() D() L() (For LU edge)
And Corner setups for old pochman take the form of
A. F() R() (Get to R face, rotate to helper)
B. F() D() (Get to D face, rotate to helper)
C. D() F() (Get to F face, rotate to helper)
D. R() D() (Use for pieces such as UBR, which is R D'
E. D() R() (Again, get to R face, rotate to helper)
I believe that is all. note that the () s represent a ' 2 or a regular turn. It could also mean an absence of a turn.
You generally dont have to differntiate similar sounding letters in a single solve (when you are beggining) as you will often remember the difference between a Q and a K, it will seem strange to do the wrong one.
Try to start doing some visual. If you arent planning on doing blind in a competition very soon, do not assign letters to your corners. Instead, tap them in the order that they go. This will be very very difficult at first, however you will get better as you go. This is the base line of visual memo. Eventually, you will be able to get the corners down really well, and switch to doing edges. Eventually, your entire solve will be done without letters. While this is almost impossible to do a full multi bld (what am I kidding, it is impossible to do a bunch of cubes like this), You can do the last cube with visual.
Edit: I figured you would also like this link, it might be good for begginers.
http://www.speedcubing.com/chris/memo-words.html
Also for the LPL, you can heavily modify
http://www.speedcubing.com/chris/memo-images.html to suit your liking. Chris is awesome at blind, you should check out the stuff he has.