Using the package latexing (http://www.latexing.com/) and \graphicspath{dir-list} solved the problem.
Install the Latexing plugin and configure it so that its working according to your needs.
Keep the screenshots folder in the same directory as the .tex file.
In the header of the document add: \graphicspath{{Z:/screenshots/}, {Y:/path/to/dir/having/the/tex/file}}
To include a file path in the document: press ctrl+shift+l, ctrl+shift+l.

You will be presented with a few options, select: "Fill Include Graphics Anywhere"; just start typing the file name, and click the one you've got to insert:

The path (screenshots/backAnno/Screenshot-Done-1.png) will be inserted at the cursor, and you are done now!
\graphicspath{dir-list}might also help you with your absolute paths (fromgraphicxpackage) – someonr Nov 29 '13 at 09:49\graphicspathwon't help, but this is quite uncommon. If you would like to compile again you need to place all the images at the right folders. It might be a good idea to copy them all in a subfolder. (but probably this won't fit to your application) – someonr Nov 29 '13 at 13:00\graphicspath, which is good but was just one part. However I want some more help from ST3: that it parses all the folders in the project and presents a list and I am able to include file's path in few clicks. I am sure it is possible. – deowood Dec 02 '13 at 05:21