For all you guys that had the same problem as me (getting a weird menu instead of object select) heres what i did to get it working.
Instead of loading the resource in the map editor open up the MTA Server.exe, type "start editor" then type "start rcg".
Load up the MTA:DM client and connect to your server (Quick connect).
Simple but now it should work
**Bug Report**
1. When creating the fourth control point it will no longer join to the last control point without adding track.
2. When you save and load it, it's a totally different shape.
3. Sometimes when you reconnect it's a different shape than you made but you can fix this by selecting and moving the control points.
4. Now and again it won't let me select a control point because it says I'm already controlling it. Most objects are non selectable. Reconnecting is the only way i have found to fix it.
5. Not sure if it's a bug or the way it's designed but you can't (would be nice to) continue editing after you load it.
This thing is awesome though. Keep up the good work