New to 1/8th, need info

[gainsy]

Hi guys
Looks like i am going to have a little foray into the 1/8th world with the new mugen mbx-7 eco m-spec & as i know zero about 1/8th i am after advise about the electrics & anything else you can think is relevant
What's hot & what's not when it comes to esc, motors, servo's & lipos?
Most of my running will be a Herts & Slough so any advice on tyres & inserts be it dirt or astro would be most appreciated, also what other tracks are around within around 50-100 miles of st albans?
Cheers in advance
Gainsy