With DD1 we used a bassinet next to the bed for the first month or so and then she ended up in our bed at night with naps in her crib. For a multitude of reasons, I would like to co-sleep with this baby but want to avoid her in the bed with us. I found an Arms Reach co-sleeper in new condition at a local consignment store for a pretty good price. It was missing a part so they ordered a replacement and held it for me. I found out the part is on back-order and could be a few more months before it becomes available.
We still have our pack and play with the bassinet liner and I thought it could work as a co-sleeper if I set it up next to the bed. The height is not as convenient as the Arm's Reach but we would also save $100 if we decide to go this route only.
Have you used a similar arrangement as a co-sleeper? I am hesitant to let go of my 'hold' on the cosleeper just in case it doesn't work but at the same time I know there are a ton of people looking for a good used one here.