I've been searching on the forums for others who seem have to have the same issues as I have, but all I get is the same symptoms and the user never came back with a solution.
Here is my story and hoping someone can guide me in the right direction.
I tore apart the top end, new Head Gasket, Bought a flex hone brush to deglaze the cylinders, installed new valve stem seals, lapped valves. Yesterday, I got the new base gasket on, installed the cylinder head, valves, and finally the cam shaft and cover.
Through this process I didn't crack the case and had the cam chain always hanging over the edge or head up by a string, so it should never have come off at the bottom.
After putting everything back together, I lined up the timing marks with the notch in the camshaft as stated in the manual and was identical to another 550 I was able to use for reference.
Threw oil in the bike attached the tank to fire it up and hooked up the battery to my jeep with jumper cables so I knew I didn't have a battery issue in starting.
The Bike tries to fire up. It spits a bunch of gas out of the back of the carbs when starting.
Also after it tries to turn over, eventually it sounds like something gives loose and you hear this fast spinning like a drill and then followed by a grinding noise of a gear engaging (My guess after searching the forums is the spinning sound is my starter and it's spinning freely for some reason) The engine is turning, the nut on the points cover is spinning.
Kick starting does nothing. The Bike doesn't even try to start when kick starting, it just coughs with every kick.
I tried to take a video for reference of the sounds and what is going on, but it's very blurry. I'm at work now, but will attempt a 2nd video when I get home.
I feel like all of this would be a fuel issue, seeing as the fuel is spitting out the back of the carbs instead of being sucked in, but it's that letting loose sound followed by a grinding noise that really has me concerned.