Those floors maybe pine or fir, which were often painted. Oftentimes, that old paint can be murder sanding off but if you can get it with a belt sander and 120, it sounds like you should be able to sand it off ok. Typicall, we pros use either drum and belt/drum sanders. They are the most effecient. The square buffs are too slow and a typical circular buffer is difficult for the novice to handle. I recommend this type of machine:
http://www.u-sand.com/
I think it will handle that sanding job for you.