Setup Question

[CheddaC]

I want to makr hip-hop albums...someone told me to use this setup: TASCAM PORTASTUDIO 788 8-track recorder, and hook it up to my yamaha keyboard. From my keyboard I already made beats and melodies, which could be sent to the 8 track, and then hook up mics and monitors right into the Tascam (which has preamps built in), and even burn it onto cd-r, which comes in some tascams. Would this setup work?

C