It really depends on how you see it. It has its own advantages and disadvantages.
It's good in a sense that you gain respect, authority and trust of the members. Bad in a sense that you have to make tough decisions. Should you ban someone, or give them a warning shot? Should you enforce a guideline even though it’s only a small transgression and it probably wasn’t intentional, or should you let it slide so that you don’t appear tough, dictatorial, and uncompromising?
Based from past experience on being a mod, even before SPPf, it's not really bad, it's just difficult at first. But once you get used to it, everything will be just fine.
That's quite a lecture, hope you don't mind. ^___^'
Well, I dunno how exactly. I'm pretty surprised myself when after refreshing the page, I suddenly get the status. Ellie and the other mods referred me to other mods because she was keeping watch of my activities.
You just have to be active, follow the rules and be good. I dunno the exact qualifications, really.