After starting her up and letting her sit for a minute or so I gave her a couple good revs (4-5000ish) a couple backfires and then i look in back of the car and see what you see in the pics .... what could be causing that? It feels and looks like coal - its light and disintegrates upon touching it (lol i know theres no grill in the engine) ... but for the life of me I can't figure out what it could be?

I know the car is running VERY rich, and I believe one of the turbo seals is toast ... could it be burned oil .... ?

 

It just soot from the rich idle and full-throttle mixtures. It's normal.

 

Yup, normal. Is the reason why I don't start my car in the garage with the garage door down....gets covered in soot.

 

completely normal, it will also spit out in liquid form with condensation if the car is stored outside.