Newbie questions

[Jai Deva]

Hi everyone, I am close to investing in my first duplex buy and hold property and have a few questions for experienced investors: 1. the duplex is currently owned by turnkey supplier.Based on BP rental calc, the numbers seem to work out okay for my goals. Is turnkey investment a good idea for first time investor? If so, are tk providers open to negotiation of price? 2. I am planning to finance with 25% down but if need to, could come up with the money for all cash purchase. Which one would you prefer? I have a good credit score and equity on my current house so expect a better rate from lender 3. Should I form a legal entity before buying the property of go with my name for first few property and later change to llc? 4. do you guys have any systems to keep your business expenses separate from the start for better tax planning if not forming a legal entity. I am immensely thankful to BP and this community for helping me get over my lifelong fear of real estate investing.Cheers JD