There are pot holes at every step form entitlement to permitting to the vertical and getting CO. 

I also own a short-term rental co-hosting company.

Find a partner, find co-workers/friends/relatives you wouldn’t mind living with, find a property you can buy for less than your current rent.

(LOL, likely a paid co-branding snippet and doesn't do anything for you)3) We run "X" in ads to attract buyers!

@Jarrod OchsenbeinIt's great to hear that you are succeeding with the co-living model.

Also, co-living situations or top performing short-term rentals can produce a pretty high cash on cash return but again they are pretty active with a high turnover of tenants and guests unless you find someone else to manage them and then you are usually paying a good portion of the profits to the manager.But let's say that you have a job and are not interested in fixing and flipping or a high turnover type of investment and you would rather be a more passive investor.

I ran a giant PMC in Boulder CO when I was young. 

Show a solid performing AirBNB and then punch out a list of prospecting for arbitrage and also promoting yourself as a co-host. 

The transfer of bookings is possible because we're going with the same co-hosting/PM.  

@Corbett Brasington I'm a realtor and feel if your already doing all of that you should consider having an attorney or title co do the paper work and save yourself the commission or get your license and put your commission towards the sale.