+xI fear your understanding of RTM and VARTM is wrong to begin with. RTM is neither the method you are looking for, nor the method you are thinking about. I guess you are looking for resin infusion.
Quick answers to your questions:
1) (assuming meant resin infusion) no. The foam is obviously filled with a gas, under atmospheric pressure or above. You can't collapse it by vacuum application. To be precisely: the pressure forces on your foam are the same in or outside a vacuum bag. But the bag itself can easily warp softer foam cores.
2) (resin infusion) yes. The are lots of videos available for this method. This is the standard procedure for custom board.
3) usually both sides are separate pieces, with a slight overlap around the board.
4) many variables here. It doesn't take that much. If you are using a good rigid foam, it would only take one or two layers of 200-300g/m^2 on each side. Mounting points have to be reinforced with extra layers.
Look out for resin infusion board making videos for further instructions. There is a wide range of different tutorials.
Thank you for the response, you are right I did mix up resin infusion with RTM. If you could kindly clarify one more question;
In the case of resin infusion, I will need a mould right? Would the layup sequence be the following (bottom to top)
Bottom half of the mould
Glass fiber plies
EPS CORE
GLASS FIBER PLIES
top half of the mould
clamp and then start resin infusion
When I lay up glass fiber on the mould or the core, will I use some sort of an adhesive to make it stay in place? I mean glass fiber fabric is dry in nature, do I need to make it tacky to make sure it doesnt move around?
Again apologies for the silly questions and thanks for responding!