2005 JMSTAR 150cc - Cranks but no start  By  kain (Read 177 times)

Okay this is my first time posting so I will try to put as much info as possible. 

I have a 2005 JMSTAR Falcon 150 that I picked up a few months ago. It was missing some of the electrical components and has not run since I've had it. 

I bought a kit and have replaced:
- solenoid
- starter
- stator
- spark plug and coil wire
- battery
- regulator
- DCI
- carb

I have tested spark against the motor and frame, confirmed spark.
I have tested compression with a quick connect threaded type and have about ninety-100psi currently.
I have confirmed fuel is getting to the carb by removing the inlet hose and cranking, confirmed fuel is flowing. 

If I try to start the engine cranks but never starts. Adding starting fluid into carb does absolutely nothing. Increasing throttle makes the engine run a little harder, but still never starts. 

I have adjusted valves to .004 and .005. I have checked and rechecked timing. 

This is my first time working on a small engine and I understand that I could just be totally missing something. 

I'm honestly at a loss for what to try next and any advice would be greatly appreciated.