Originally Posted by Jetakai
Take a look at a futon. Up it is a couch, down a day bed size. Most are lighter and thinner than recliner types, plenty of love seat sizes. Check amazon with the word futon to get an idea of what you are looking for.
Jetakai has a good suggestion. A futon could be just what you need.
And if you get tired of the cover, there is a website called slipcovershop.com where you can find a different one for not a lot of money. We have had ours for a long time and it has 3 different covers.
It is a really solid piece of furniture that came from a store up north that sold only futons and covers, but that store is no longer in business. Our futon lives its life mostly as a couch in the den, but it can turn into a relatively comfortable bed for extra guests.
I do not know where you can see futons now, maybe IKEA.