However, I am looking for someone with more experience to confirm my understanding and to help me define what a "federally-backed mortgage" actually means.Sincerely,Alex Timberlake

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

New to flipping will mean 12-14 percent and 2-3 points right now from private/hard money lenders if you have no experience.

The reason for this mainly of because I can get a bigger loan on the house we have just built, than taking a ground up new construction loan on the rental we are wanting to build next door as well as my experience with ground up loans is zero - 

My issue: Even with a college degree, entreprenurial experience, and project management I can’t seem to break in after 5-6 months of applying.

Let's kick off this discussion— if you've ventured into residential construction investments, could you share which market you're in, your experiences or challenges, and any advice for newcomers?

From my own experiences cooking on both, a gas stove heats up an area significantly more than an electric one. 

It doesn’t sound like you have any experience.

I want to utilize my time in learning and if possible gain experience through the help of this great community.

Based on your goals, experience level, and my assumption that high earning w-2s tend to be demanding of your time, I actually think that there are better ways for you to offset your w-2 income.