I would suggest NOT recording over the guide tracks and/or other people's parts; at least for what you're going to submit to the FTP site. Use Audacity to record a single solo track of your part and submit that to the FTP site in MP3 format. When we (or the producer) decide to keep the take submit in WAV format for the final mix. Someone (or several people) will need to be able to take all the individual parts and submit a mix.
I use Cakewalk Sonar for tracking and mixing and I wouldn't mind throwing my hat in the ring for mixing.
I realize that not everyone is going to have professional microphones and audio interfaces, but we should try to keep everything as clean as possible for the final mix. I've heard pretty good recordings using very inexpensive gear.
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