pull oil cap off..I f you have oil mist puffing out of that chances are you have a busted ringland. In that case do a compression/leak down check on all cylinders.
If it seems you dont have oil misting or feel copression comming out your oil cap opening... Go to home depot and get an oil seperator for air toold and run it inline to the vent hose going to your intake tube. This will help in the oil department
Some oil is normal
Going for broke!!!!