Okay...
As I mentioned before that we were going to, we got the house this evening. We pulled the carpet up and the floors really don't look all that bad. There is a finish on it (water beads on it, but I don't know how to tell what type), but LOTS of paint drips on top. Obviously they painted just before carpeting, and planning for the carpeting they didn't lay dropcloths.
Looking it over, we don't want to resand the floors - there is some scratching, mini staple-holes and that sort of thing, but in a antiquish way, not in a bad way (in our opinion). There are also small gaps between the boards, but evenly spaced (not wide enough to want to fill them). Having an old finish on the floor, the paint doesn't look like it will be too hard to remove either.
So what's our best option at this point?
1) How do we clean the old floors - from another post I saw to use "Trewax Wood Cleaner". Will that work to get rid of the paint?
2) I recently saw the Verathane Renewal No-Sand Wood Floor Restoring System - would that be a good thing for us to use? (step one=abrasial formula, step two=bonding to condition the abraded finish to bond permanently with the topcoat, step three=catalyzed diamond wood finish, normal use of floors back within just 72 hours)
3) I was also told recently that waxing is a good way to reseal floors - is that better?
4) Should we rent a buffer to do whatever that does to a floor?
We're still on the same timeline as I mentioned before, and MUCH more encouraged being that we don't want to completely resand to refinish.
Please respond soon, as we need to make a decision which direction to go by this afternoon.
Thanks again for all the advice you've given - keep it coming