1. The document defines the limit of a function as making the function values arbitrarily close to a limit L by taking the input value closer to a specific value.
2. It discusses one-sided limits and how the limit exists only when the left and right side limits are equal. Infinite limits result when direct substitution makes the denominator equal to zero.
3. Vertical asymptotes occur when the graph shoots to positive or negative infinity as the input approaches a particular value, or when factoring a rational function results in the denominator equaling zero at that input value.