Has anyone built and rented out a multifamily/4 unit?

[Dave H.]

So, I am still early in the process but I am looking at re investments. I am looking at 4 and 2 unit properties. I have been unable to find any that fit what I am looking for. My market is the northern suburbs of NYC so its costly. I have only done some back of the napkin analysis but it looks like it is cheaper to buy land and develop my own 4 unit as opposed to paying for an existing property and then having to spend thousands to improve it. I like the idea of newer properties as they attract better tenants (for the most part) and then I can defer repairs for a few years. 

The catch however is that I am no GC. Anyone ever done this early in their career? or as their first investment? I would love any/all advice. thanks.