Plywood joint for a cash-strapped newb

I just built a workbench for myself, and my husband wired a couple of outlets in the garage for me, so I'm ready to rumble! Except I'm broke! (Dangit)
I can't afford to buy a 5x10 trailer at the moment, so instead I'm going to start on the cabin--specifically, on the walls. The Little Ferdie is going to be just shy of 11' long, and 4' tall, so I'll need to join some plywood together for the walls (and later the floor). I'm planing to use 1/2" exterior grade plywood attached to 1x2 poplar ribs.
QUESTION 1: What is the best join for me to use?
Factors:
(1) My relevant equipment currently consists of a 2nd-hand router (no relevant bits that I'm aware of) and a kreg jig
(2) I'd like the join to be a smooth as possible, as I'm planning to paint the walls
(3) I'm totally inexperienced with the router and only lightly experienced with the kreg jig
(4) I'm willing to buy a part or tool that will serve me well, but I'm looking for a used Ford kind of a solution, not a BMW solution
QUESTION 2: Do I need apply anything other than wood glue to strengthen the join?
I'm pretty sure I've heard of people putting fiberglass on their seams--do I need to do this? Bearing in mind my lack of $$$ and ignorance of fiberglassing? (I'll learn it if I need to, but if it's not really that critical, then... not).
Thanks for the advice!
FWIW, these are the bits that came with the router, and below that is my mockup of the Little Ferdie


I can't afford to buy a 5x10 trailer at the moment, so instead I'm going to start on the cabin--specifically, on the walls. The Little Ferdie is going to be just shy of 11' long, and 4' tall, so I'll need to join some plywood together for the walls (and later the floor). I'm planing to use 1/2" exterior grade plywood attached to 1x2 poplar ribs.
QUESTION 1: What is the best join for me to use?
Factors:
(1) My relevant equipment currently consists of a 2nd-hand router (no relevant bits that I'm aware of) and a kreg jig
(2) I'd like the join to be a smooth as possible, as I'm planning to paint the walls
(3) I'm totally inexperienced with the router and only lightly experienced with the kreg jig
(4) I'm willing to buy a part or tool that will serve me well, but I'm looking for a used Ford kind of a solution, not a BMW solution
QUESTION 2: Do I need apply anything other than wood glue to strengthen the join?
I'm pretty sure I've heard of people putting fiberglass on their seams--do I need to do this? Bearing in mind my lack of $$$ and ignorance of fiberglassing? (I'll learn it if I need to, but if it's not really that critical, then... not).
Thanks for the advice!
FWIW, these are the bits that came with the router, and below that is my mockup of the Little Ferdie