These are all pretty good ideas. I especially like Jim@HiTek's idea of converting what I have. I wouldn't have to worry about it fitting my space, color matching or style. I looked and the arms will unbolt. Now to see if I can make them detachable. If that fails RLS7201's, Ivylog or mike brez' suggestions are good alternatives.
I wish I had room for a hide-a-bed, like Wolf's idea but I think it would just be too much trouble. My sleeping hours just don't match up with normal humans and I don't want to be stuck on either side of a hide-a-bed.