Welcome aboard mate, and there are no such thing as stupid questions. Here you go, just my 2 cents:
1. Yes, u can change setting when u are in the dock main menu, where u see the big map. click on the radio on the left for the realism settings.
2. I use TMO, and yes it will rain..sometimes ALOT
3. You will get told to stay withing 50-150 miles of the center of that point, but it depends if you play with any mod, like RSRD. you can find this in your messages you get
have fun
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"Ashes to ashes, dust unto dust,
it may not run, but shine it must,
it may not work, but it will not rust."
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