I case you would find the walk too long, you could always hitch-hike for a part. Almost all cars you will see there will be driving the loop, many of them will be tourists in rental cars and they will all understand that you need a short drive.
Each monastery will have toilets.
I would strongly advise to stay in Kastraki. We stayed in Doupiani House, a guesthouse just off the main road towards the monasteries, on a quiet location with wonderful views.
Kastraki is small but it has some very good tavernas.
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