I'm no pro at this, but I have tinkered with it from time to time. I buy the polishing compound in sticks so you can progress from grit to grit. I stack multiple wheels on top of each other to give one wide buffing area. I have sisal wheels (stitched all the way to the edge) for tougher buffing and I also have loose wheels that are not stitched to the edge for finish work. I used a lathe to make an extension arbor that would give me clearance from the body of my machine so I could more easily work around both sides of the buff wheels. Using an extension like this is a little dicey, you have to be sure your wheels are balanced or things will go bad very quickly.
I start "cutting" with an aggressive compound and work my way finer but don't jump too soon. You'll learn this in time, but moving finer too soon makes the work take forever and it never seems to finish with the same shine. I've learned in time to work with rougher grits longer - the entire job goes faster and the finished product looks better. You'll learn with experience.
I use the sisal wheels until I get near my finished polish and I don't change the wheel as I change grits of compound (until the very end). I have a small old bow saw I keep nearby with teeth similar to these:
http://www.amazon.com/dp/B0001IX72Y/?tag=atomicindus08-20
When I change compounds I use that blade to clean the wheel of old compound and metal - this way when I start with the new compound I'm working with a clean wheel. You can buy a blade like that and just wrap it with duct tape to make a handle.
Don't put anything behind the wheel that you can't damage. You may also want to put a pad behind the wheel if you're working anything you don't want damaged. If you're learning from square one, the buffer WILL rip things out of your hands and throw them far away before you even realize it... This can damage your part and it can put holes in your walls - don't ask how I know...
I don't know of kits since I bought my stuff as I learned. I bought cheap buffs from Harbor Freight to start learning with and a 4 pack of various compound sticks from (I think) Sears. If I were buying now I'd check Amazon and see what they had. I bought one of these:
http://www.amazon.com/gp/product/B001VXXUWK/?tag=atomicindus08-20
Because safety glasses just aren't enough. If you have sinus problems you may consider a mask, when you blow your nose afterwards it will be BLACK.
Like I said, I know I am far from a pro but I've dabbled with it for years! I hope it helps.