Ok here's the latest. Took it to a couple different shops including back to my cousins shop and each one told me they couldn't actually hear this ticking noise.
So I sat around the cousin's shop and with the head mechnic we started listening around. There is a noise though coming from underneath the car and sounds like it's coming from about dead center of the car about two feet or so from behind the rear wheels. You can hear it from both sides. I'll try to get a sound recording tomorrow as I'm at work until midnight.
My instant thought was something wrong with the tranny (thats roughly the location of where the engine and tranny hook up is it not) but the mechnic checked it out as best he could without me actually taking it to a transmission shop to tear down and look over.
My exhaust has checked out twice from what they've looked into. The car is running near perfectly although tuning it to that sweet spot is being a pain. The idle is near dead steady (no real fluctuations that I see) and the car shifts at around 3000rpm (accord to my new tach that my cousin installed).
Now two things I've noticed about my tranny. I was told it had a stall converter or shift kit by the last owner but he didn't know exactly what (go figure). BUT the car has a decent "lurch" from first to second and second to third. Im not sure how to best describe it. The faster you are going when you hit these gear changes the less of the lurch but at slow speed it's noticeble. It's not a jerking motion but more of the car want to lurch forward.
Also maybe it's just me but if you carefully put on the gas it seems you can get the car up to about 1000rpm before the car actually starts moving.
I'm at a loss. I've dumped pretty much of all my savings into the car right now and I could be chasing ghosts in the machine with money until I'm forced to live out of it.