Pergo is a brand that offers vinyl flooring or luxury vinyl flooring (LVT) and their LVT, like most LVTs, detracts from keeping your home's original character.

In 30 years, he’ll be able to buy a much nicer brand new house, with lots of money left over.  

Easiest way to do this is for you to have the tenants apply for a brand new lease post-close so that you can make the decision yourself.

Since I am a brand new investor.

Scott wrote about in his business how his flips are all about making everything brand new whereas his rentals are all about restoring, patching, and saving.  

Tom Squire I would try to convert to a 3 BR and I would leave the cast iron in place.

Which would be best for a brand new person coming in?

It was a gamble/"fun money" buy for us both as he is brand new to real estate and just wanted to get his feet wet and it was in a market I was a little curious about.

Also the brand has taken somewhat of a beating with Jared Fogle's transgressions. 

It's free and works great once you convince it you don't have a brand new tenant that also needs to prorate and  pay security deposits.I've also used Chase Quickpay and some I give deposit slips to put in the bank directly.