I think most tradesmen asked about doing your job would suggest a
hired-in floor sander to break the back of the work with smaller tools and some hand sanding to handle the edges and corners. Those big floor sanders are at least 10 times faster than using a 4in belt sander - you'll do even a big room in part of a day. I doubt that I'd ever recommend lifting the boards in the way you are proposing. For a start if the boards are T&G, and particularly if they are old (and possibly brittle as pitch pine can be, for example) you are going to end-up breaking at least some of the boards. In really bad cases up to half of the boards may not come up without damage. For most tradesman that is far too risky a proposition.