Interesting! What pressure rating did you buy from HF?
Its not the Sand Blaster that has a psi rating, they all run between 90 and 120 psi. What you have to worry about is having a compressor that can keep up with job, a sand blaster is an air hog. I have a Campbell Hausfeld sand blaster from Amazon, basically the same thing as from HF, less than $20. It works great but I only use it for small jobs, my job-site compressor only has a 4 gallon tank, 120V... It just can't keep up with the air demand.
Long story, I'll keep it short... I had a 80 gallon 220V compressor from SEARS, it lasted two weeks. I was disgusted and returned it, not wanting an exchange. Also, the 'blasting media' (black 80 grit sand) can run $60 to $80 a bag! Even if you go rent a big compressor for a weekend, the cost of that plus the sand just makes it worth it to take it to a yard and have it professionally done. I paid $125 in So Cal, Stingy Sailor got his done for $80 up in WA... Be careful, Hawk got gouged in FL and they charged him $225. Anyway, you just have to run the numbers and see what is a better value for your time/money.
FYI, if you already have a big compressor and you only have to buy a $20 blaster, you can get away with using cheap Home Depot sand bags. Paver Sand is usually a good grit and what you want to look for is consistent size sand with no chunks that clog the hose. Also, put a moisture filter in-line on the hose; I have two, a big one just after the compressor and a small one at the blaster gun connection. Keeping the air dry will prevent getting the sand wet which clogs the feed tube or the gun.