Build a multi-family?

[Brian Buckley]

I have a potential opportunity to purchase a family property that's most likely a tear down. It happens to be on a double lot and so I'm thinking of knocking the existing single family home down and build a fourplex in its place, pending zoning with the town. Cost is obviously a consideration, but I think that making 4, 2 bed 1 bath units would be the best layout from a cost standpoint, both on the build and potential for rents. I wanted to see if anyone had any advice, experience, or just general thoughts on the idea, thanks!