Wtf??

Kiddynamite8 wrote: And the strange part is with the tank off and carbs off there is still a puddle under the bike of what looks like gas!

If it is flooding out, the excess fuel will overflow into the air box, and drip out of the drain hole. It can also run into the crankcase breather and dilute the oil.

When you changed the carb jets did you check your floats?

The valve guide seals will get hard and brittle with age. If they come apart oil will flow past them and foul the plugs and do as you describe.
Steve

Thanks for all the good advice.
I plan on replacing the valve guide seals, checking the piston rings, and buying the gaskets.

Any recommendations on decent gaskets and seals? I assume most of the stuff on eBay isn't great?

Thanks.

OEM is best, bust most aftermarket are OK as well, Versah, cometic, are ones i have had experience with. when you pull the head scrutinize it for cracks.