Fuel is flowing just fine from tank to cylinder, there is no visible air leaks in boots or anything that I can see at last.

I could imagine, this is freaking me out, and I don't have much cash into this thing yet.

So drain coolant/oil and pull the kick start lever, and pull the clutch cover off? is there any way that I can see if that is the problem after I take it all off?

I also noticed some metal flake in the oil, so I should probably be worrying about that as well..