Has anyone built their own Multifamily Investment for long term hold?

[Pavel S.]

Just been driving around places and have come across entire sub-divisions with Duplexes, Fourplexes and Apartments.

My question is:

1. Has anyone here built their own Duplex/Fourplex/Apartment to rent and hold? How did it work out and is that a good way to go?

I was thinking about hypothetical, where one would build Multifamily dwelling and rent it out on a long term hold. It should be cheaper to build than to buy as it is often the case with Single Family Houses.