Your 401k is likely not invested in the S&P ETF but a mutual fund.

And how would an LLC be beneficial?

The STR tax strategy is most beneficial for high-income earners (think: $300K+ annual household income). 

It may be beneficial to have a conversation with his accountant or your accountant as they will have all the details.If your partner is a real estate professional, that turns rental losses from passive to active.Therefore, if he has rental losses, they will offset your W-2 income along with income from his S-Corp(K-1 + Wages).Best of luck!

A job in the trades, such as an electrician or plumber, can be very beneficial in the future as you can do your own work.

Local bank might be beneficial if it is a very specific scenario (I.E.

Sometimes younger low volume agents re more open to sharing pocket listings.Leverage the internet to contact as many wholesalers as possible.You may even want to advertise for Acquisitions, depending on your business plan.Don't feel pressured to buy...vet all "deals" & operators carefully & trust your own underwriting.Your B1 license could be very beneficial for structural value add prospects.

If your sisters were truly co-owners for years, their portion’s gain/loss will likely be different from yours — but if their names were only added for estate planning and your parents still retained beneficial ownership, all of you might qualify for the step-up.Long story short: the IRS cares about ownership intent, not just whose name was on the paper — and that distinction can make a big difference here.

It has been beneficial for me to know the areas, local players and be able to see subtle changes in neighborhood.

I think its most beneficial for groups that have hit a certain level of units managed as well.