cylinder 2 misfire.... how big of a problem is this?

 

Could be a bad plug, large spark gap or a tank of bad gas.

By itself, not a concern, reset and keep an eye on it.

Continued detonation will flash the CEL light and shut the engine down to a crawl - much more serious.

 

Okay, appreciate the response. I do notice tho on start up, it takes a few seconds longer to start and what sounds like the belt going bad... This from the CEL?

 

Search man, search. Start by reading the new owners thread.