I did some more research and learned that the codec I used in CamStudio apparently wasn’t good. Although it was a Windows Codec, it had a hard time rendering it. I also disabled resample on the video cuts and was able to render my 0:02:40 video at about 1:22:00 time.
I am currently testing other codecs from CamStudio and render times.
I did try other formats. Also changed settings in them and used default ones as well.
The render came out great but was a headache.
I’m guessing the main problem was compression related. I newly installed Vegas about 4 months back and on this past week I did the update. Thanks for the response.