Zerdrx7

Ok so i just bought my first Rx7, a 91 na convertible,and scince i dont have much knowledge of rx7 i dont know whats wrong but i can tell something is wrong,for starters my check engine light is on when i start the car, i had a buddy who owned a couple 7s and he said my oil metering pump is bad cause my car does not mix well,so ok thats one , now when i start it, it sounds like its lacking some power, but i did a compression test on both the rotors and they showed aroun 120,now when i start it it throws out of the exhaust a whitish smoke, not a huge cloud but it constatly does it even if i leave the car parked there on i can see white smoke coming out of the exhaust,can someone help me out on this ones please,any suggestions would be appreciate it i dont have much money at the moment so anything under 500 bucks to fix the problems would be nice but i would like to know the thruth even if its gonna cost more, thanks

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