Co-hosting vs. Arbitrage

[Garrett Brown]

These two have become very popular over the last few years, and you'll get mixed reviews from all sides. I'm a fan of co-hosting pretty strongly over arbitrage, but I am trying to hear stories of success (or failure) on both sides. Who has done both? What are your advantages and disadvantages to each? Let's hear your wins and losses with them and your plans for the future. 

Thank you!