Rotor-E

So i have a 87 Turbo 2 and i just got it goin but on startup it seems to want to flood everytime but only when its warm..when its cold then its fine.....and goin down the road if i bring the rpm up then let off the gas and get on it again it smokes out the exhaust...im thinking the smoking is oil from the turbo like the seal is bad so its lettin oil through to get burned when i get on it cause the turbo is spoolin......any help would be great

Thanks to all in advance!