A few day ago, I created a little GPU particle sample for SharpDX. The buffers start off completely empty. To spawn new particles, I copy them to a third vertex buffer. After the pass to update the particles from last frame, I just "draw" the third buffer to append the new particles to the buffer for the current frame as well.
Any properties that are "sufficiently random" like the particle's color or various flags, I put directly into the vertex. I didn't include this in the sample to avoid bloating it, but to handle properties that a lot of particles share, every particle also has a type ID that indexes into an array of particle types in the geometry shader.

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