You've got them correct Mike!
Watch this video, it's for Honda 599 Motorcycle but the idea is the same:
Just make sure when you bleed them, you don't let the air get sucked into line when you open the bleeder valve.
Have someone at driver's seat (to brake and release), another @ brake fluid reservoir (to make sure reservoir is always full), and another at the bleeder valve
You also need to start the engine.
Bleeder Valve guy: Yell "Brake" then loosen the bleeder valve then fluid will flow. Tighten it back then yell " Release".
Repeat until clean brake fluid flows out.
Some cars require specific sequence of which brake needs to be bled.
As for BMW, I don't really the detail because I haven't ordered the shop manual.
But rule of thumb from what I've seen/done, always bleed the brake that is the furthest away from the master brake cylinder. I usually do it in this order: FR, RR, RL, then FL.