My 01 Cobra that I just bought last week has developed a problem. This morning when I started it up a puff of white smoke came out of the exhaust, and the exhaust is making a bubbling sound at low RPMs. I assumed an exhaust leak, but now when I accelerate hard, decellerate suddenly black/grayish smoke comes out of the exhaust sometimes. Also the idle bounces around a tad between 600-800 at idle. The only code thats being pulled is the same as always (1 bank 2 O2 sensor) which I assumed was from the off road and a failed mil eliminator. Could the bank 2 O2's be causing my car to run rich? I read on hear the rear sensors will not affect drivability. IM planning on putting the stock H pipe back on asap, but is there anything else I can check. This is driving me crazy as I just bought the car!!