I have re-used yeast a few times: When I reused yeast, I siphoned the beer off of the yeast, and then covered the carboy with aluminum foil. I bottled that batch of beer, and then brewed another batch. When that batch was ready, I put it in the carboy. That was a time span of about three hours between pulling off one batch of beer and replacing it with the second one. I have re-used the same yeast twice (a total of three batches of beer on one packet of yeast).
I started with a strawberry pale ale, then a chocolate porter, and finish
This is a picture of the different sediment layers that resulted from the reuse of yeast.