Answers inline:
From what I'm reading here in this forum I will need to install the manament tools on the second node is this true?
Yes you need to add Management Tools individually on all the nodes.
What and When do I install the software on the 2nd node, before or after it's been added to the cluster?
Which s/w are you talking about? if its Management tools it doesnt matter when you install the Mangement tools.