I personally don't trust that power supply. You have to remember: The PSU is the piece that supplies high voltage to every part of a PC, which is made of very electrical sensitive parts. I would suggest spending a bit more and getting a Corsair, Seasonic or PC Power and Cooling PSU.

Also, your heatsink is really poor, I would doubt its much better then stock. Find a nice stand-up heatsink with plenty of heatpipes so they can move the heat away from the CPU properly.

EDIT: Like this: http://www.newegg.com/Product/Product.aspx?Item=N82E16835103099 Or one similar.

I did put a little more money into the cooling fan the one i picked may be a bit better than what you showed me. Either way I liked your suggestion.

http://pcpartpicker.com/p/19xYQ

http://www.logicalincrements.com/

http://www.logicalincrements.com/

Here's a good site for picking out parts that fit well together. Feel free to move up or down on parts you care less / more about.

On the 649 Very good build can a 660 gtx take the place of the 650 ti boost

im not sure if it is the same with everyone but i had AMD FX-8320 and i could barely stream at 20 fps using obs and xsplit. So i ended up returning the amd and mobo and got intel system instead.
i went intel xeon 1230v2 (i7 3770) which i could stream 1080p 60 fps and still have 400 fps ingame

Really? I have an fx-8350 that streams 60 fps at 1080p, I would get around 90 fps while I"m playing. I also have 2 monitors. But bear in mind, I did overclock to 4.4 from 4.0

Yeah, I can stream okay with my 4100. Betting that something else was wrong with his system.

Good point though. Intel processers generally tend to have a little less grunt for the price but handle media encoding, rendering ect. much better than similar AMD processers. If you are looking to stream I can personally vouch for the i5 3570K / similar model from haswell taking it like a champ with no issues.

Actually, the fx-8350 utterly destroyed the 3570k when streaming.

You just said that your AMD processor did 90 FPS ingame while streaming meanwhile i got the i5 and i get 240 / 150 on mid

My i5 3570k lags considerably and noticeably when streaming, and its overclocking to 4.5GHz. Theres more in the system then just the CPU when talking about streaming, and the numbers I've seen tell me the 8350 is better at it, if only because it has more cores to dedicate strictly to different task (IE some for the game, some for the streaming software)

you guys lost me already. I have no idea what processor fits with which mobo.

http://pcpartpicker.com/p/19MQE
8350 instead of 8150

Performance of FX-8350 vs i5-3570K/4570K depends a lot on the implementation (256-bit or 128-bit instructions, int or float). I'm lacking the knowledge of both implementation of the H.264 codec in general and specifically in applications like OBS to properly predict how they should perform. And then there's always the randomness of TF2's source engine multithreading.

In theory, all implementation details aside, the considerably worse IPC (instructions per cycle) and TF2's inability to use more than 2 or 3 cores should give you less fps but also the opportunity to set process affinity and get rid of most of the lag that is usually affiliated with streaming because the remaining 5/6 cores are more than enough for continous encoding and therefore streaming.
Because the per-core-performance of the i5 is almost twice as high as the one of the fx-8000s (and a bit less than the per-module-performance, amd module = 2 cores) but the number of cores is only 4 compared to 8 you probably won't be able to set affinity (2 cores won't be enough for either of the two applications, TF2 and OBS). The higher per-core-performance will make higher fps in TF2 possible but the additional power used for TF2 might be missing for the encoding, resulting in a lagging stream.

tl;dr
fx-8x50: less fps possible in TF2, but affinity might reduce lag, cheaper
i5-x570K: more fps, might be unable to handle high fps in TF2 and streaming at the same time, higher cost
OP is on budget -> amd fx-8350

http://pcpartpicker.com/p/19MQE

So we switched processors anything else we can cut cost on? The build price is sitting at around 800. Also does anyone know anything about the mother board that I have selected?

Motherboard should be fine.

You can get the FX-8320 instead of the 8350. Should overclock to 8350 speeds and beyond easily.

The 650W Rosewill Hive is on sale. Very good deal, cheaper than the 550W. Pick it up.
http://pcpartpicker.com/part/rosewill-power-supply-hive650

Consider this case for an upgrade. A bit larger and roomier on the interior.
http://pcpartpicker.com/part/xigmatek-case-cccae37bsu02

And if you need to cut the price, you can drop the video card down to a 650 Ti BOOST.

http://pcpartpicker.com/p/1a6SO
With the PSU that is on sale.
Drops the price to 750.50$.

The FX-8320 has a lower stock speed and overclocks slightly worse than the 8350.
Slightly worse performance, a bit cheaper:
http://pcpartpicker.com/p/1a73P

Swapping the GPU aswell, same story, a bit worse, a bit cheaper:
http://pcpartpicker.com/p/1a76y

I get nearly no frame drop if I'm recording using direct game capture through obs. If you are capturing the window or the whole desktop, you
a) Are doing it wrong
b) Will get frame lag. Full stop.