Alright first off i did search and found a lot of help full info and tried a lot of the stuff i found. i even broke out the haynes and tried that stuff. Ok with that out of the way ill start with the story.
Ok as some of you may know in oct 07 my na went BooM!! so i was time to start over and find another motor. well we bought a jdm 13bt. then we found a 87 gxl with a clean title and over all just clean but the motor was gone . so we decided to throw the turbo in the 87 and have a go at it. here is a quick list of stuff we did.

Fmic
Greddy type rs bov
full 3 inch exhaust
intake
255hp walboro fp
got some block offs
new silicone vacuum hoses

Then we droped it in the car. it ran but then it started smoking all in the same 10 mins (it warmed up). so it was time for a rebuild. so i ordered the normal.

gasket set
new lower intake gasket
oil control orings and springs
side seals and springs
2mm 2 peice apex seals from rhd japan and springs
solid corner seals and rx8 corner seal springs
thermo pellet

we put the motor back together (we = my best freind brian who has rebuilt a few his self) it has awsome comp. but hes out of town and now i have to do the timing
myself. it seems really easy you line up the yellow mark on the pulley with the pin on the front cover. then pull the cas and match up the mark on the shaft with the mark on the gear. hold the gear with ur palm or thumbs which ever you prefer and drop it in and start it up. sound easy but i have dont that and all it does it tuen and try to start then just turns some more and gets flooded.

ok heres what i have tried:
set the pulley on the yellow mark match up the cas= same
set the pulley on the yellow mark turn the cas gear back 2 ticks=same
set the pulley on the red mark match up the cas=same
set the pulley on the red mark turn the cas gear back 2 ticks=same

i know for sure that i have fire and fuel but this is really making me mad. if theres ne one in the south carolina or columbia area that can offer some help that would be great. although ne help would be great because i am jsut at the end of my rope with this car.

 

I don't know if this will help you at all.I did an engine that I did not know where the Timing was.I started crankin it..and then said Screw it..I started the CAS at 12 oclock
then turned it to 3 o'clock..then to Six..etc..it helped me Get an idea of where the timing was..I Got it to start..at 6 K!..then I backed the timing off.running at 1000rpm
..I eventually was out by a tooth or two,but I Did All the timing By EAR and Test drive as the Pulley wasn't marked..so If that helps..you know you have fuel..Air is a GIVEN(Afm plugged in?)..so spark could be oFF..good luck.STYX.

 

A lot of times, new rebuilds get flooded. Looks like you reused old housings which will exacerbate the problem. Were it me, I would set the timing per factory and tow start it to clear out all that fuel that is undoubtedly in the engine. Some might not like this response, but thats what I would do.

 

Make sure you have a great charge. Do the unflooding trick a few times, then clean your plugs. Give it a go. Make double sure you have fuel and spark.