#1 - You can dilute it as much as you want, just plan for this in your hop and gravity calculations. Also keep in mind that cutting your wort with water may take away from some of the malt flavor. Treat 6 gallons like one of those extract kits and it would net you 12 gallons of final product.
#2 - As long as you practice reasonable sanitation, there is no reason why you couldn't do this. Just keep in mind that any differences between the two boiled portions might make it tricky to duplicate the recipe again in the future, but no biggy.
Also, keep in mind that you will want an adequate amount of headspace in your fermenter for Krausen. Until you have a good idea of how things are going to go down, I would suggest maybe sticking with the 5:7.5 ratio of a standard bucket. In other words, only put about 20 gallons leaving 10 gallons of head space.