white smoke

[firekirin]

hey everyone just need some help in diagnosing the problem i will start off with what i have on the car

91 240 hatch:

sr20det blacktop
Greddy fmic
greddy oil filter relocation kit
walbro 255 fuel pump
spec stage 2 cluth with lightweight flywheel
greddy 3in dp to 3in exhaust
apexi avcr boost controller (not adjust just hooked it up and left it stock)

the problem i m having is that when i m at WOT it makes a poping noise like it is burning extra gas or something and one time it was idling and white smoke starting coming out of the exhaust.... wel just tonight i was at a friend and i gave a guy a ride in the car cause he wanted to feel the power of the sr ( not that it is something special or nothing) well i did that then they wanted me to do a little burnout so i spun the tires just a little and it was fine thne when i parked i let it run for a while and then it started blow white smoke..... so i gave it a little gas it kept blowing... i gave it a couple pushes on the gas pedal and it went away.....

i m not a tech or nothing this is why i built this car is to learn.. i believe that it is my o2 sensor ... i have the timing at 15 and i also have to set my TPS sensor cause i havent had a chance to get a voltmeter and do that .... so saying all of this does anyone have any suggestions on what i should do?

i live in florida, and i bought the engine used so pretty much everything is orginal except i replace the intake, exhaust, turbo and the throttle body gaskets.... let me know if you need more info thx