Okay, I've read the suggestions and I'm pretty sure this is what I need to do.

For starters, I already have a Logitech HD Pro Webcam C920 that I purchased a few years ago. (I guess I was planning ahead. grin ) Thus, I will NOT need my Toshiba camcorder for the video as the webcam will do.

I will need to purchase an audio interface with 2 inputs for the electric guitar and microphone. I will NOT need to (also) purchase the TASCAM DP-03SD 8-Ttrack Digital Portastudio as the audio interface along with my (soon to get upgraded) BIAB w/RealBand will take care of the audio.

Does that sound about right?