That does look like a hell of a machine. I wish I could justify spending the $400+ for it. Anybody got one I can borrow? Do you think Home depot would rent something similar?
I always find it funny that people will post pictures of garage projects that cost lots of money and then balk at a few hundred bucks for a tool....
If you are intent on sanding it (vs media blasting), there is nothing that will beat a Festool Rotex- at least in the USA. It will take material off faster and in a more controlled fashion than a belt sander. Any other sheet or RO sander is junk in comparison- if you are looking for a tool that works.
You will be wasting time with anything else, and you will probably buy 2 or 3 of them to finish the job. Let's not even get into actually using a lesser sander for more than a few hours at a time and the vibrations.
Festool also has lots and lots of different sandpapers. Different grits and abrasive materials.
Paired with a vacuum (preferbly Festool), you will have (1) virtually dust free sanding and (2) the sandpaper lasts much longer. You do not have to use the vacuum.
There is a reconditioned Festool sale going on now. This is the cheapest way to get into Festool as they have a fixed price system.
You will be able to sell the sander for at least 70% of new when you are done, unless you trash it.
First nail, staple, screw or hard knot you hit with that planer, and you will need new blades.
That bird poop is a health hazard, dust should be a major concern. Same goes for old lead based finishes if any exist on that wood. That said, a 4" grinder and a flap disc will remove lots of stuff very quickly.