You should have installed prefinished if you were short of cash. You should really hire a professional for this.
If not, then get Charles Peterson's book on hardwood floors.
Are you staining or just clear coating? If you are staining, you are going to have 3 machines: Drum, edger and polisher.
You start with the big machine 40-60 grit, then work your way up to 80 grit, then edger 100 grit, then final pass big machine 100 grit. The use the polisher with 100 grit screens.
Take your time and don't go against the grain. You're going to spend alot on sand paper and finish. Good luck. If you are near Toronto send me a message I'll do it for $3.00 a foot