What is a good codec to convert MTS too for edting?

I heard that MTS or AVCHD footage is not good to edit with. What is a good codec to convert too?

No.
"Rendering" in working through PrPro is actually just telling the program to take the instruction set for an area selected and create new previews for that section. They are NOT really to be used in any final export process (there are only about two format/codecs that would work that way, and likely no one reading this is using them ... ) but JUST for playability in "real time" in the monitors during editing.
It is needed if between the computer specs & drive layout, the number of effects called for in a clip, and the particular codecs used, the playback causes the GPU to "drop frames" or get slow/erratic in motion. You simply select that section of the sequence, then right-click or go to the upper menu system or keyboard-short to "render selection". You computer runs for a bit, then ... playing back that section should be full-speed.
Someone who say uses mts files (which can at times be a bit of work behind the scenes for the hardware) and never needs to render before he's done with a project and exports it is saying that his computer handles mts file just fine with the level of effects he uses without needing to render any sections or suffer 'dropped frames' on playback.
Neil

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