Hey ATeam,
I had the same issue on my 750 K4. It had not been cleaned by the PO for some time. I cleaned mine - the bike lost about 37 1/2 pounds - degreaser and a power washer on low settings did the trick. I found my leak is with the oil pan gasket. I called the PO and asked when the last time he changed that gasket, his response, what gasket. YIKES!
As yours does, the bike runs great - no smoke, no massive leaks, just a very small puddle under the side stand when I ride for a while then park it. It's really not bad at all, I feel kind of like a dog... I leave my mark where ever I go.
Another issue for the brain trust here....
If I forget to set the petcock to "Off" and leave the bike sitting for a while a decent amount of fuel will drain out of (I'm guessing) the fuel overflow tube. I can't figure this one out... Bad / dirty float in the carbs? IS this "What they do" when the fuel valve is left open?
After changing the oil, filter, plugs and cleaning the screen this Saturday, I will tackle the fuel issue with a professional (Joe Bruton).
Safe riding all!
Phil