Also, this lease will have been added to time and time again over the years and massaged to best fit the local courts and rulings.Don't risk issues with your several hundred thousand dollar asset with a .02 cent lease. 

This would save us probably $500-$800/mo.With all these monthly expenses set aside, is it bad to 'massage' the numbers even if I'm willing to manage the property on my own since that alone is 10% of rental income?

There also are going to be some banks that refuse to be creative and have a very small box and other banks that are up for being more creative, massaging their LTV, changing their rates if you will shorten your arm, etc.

I would play around with changing your minimum night stays to at least 4, using surge pricing on the weekends, or using something like PriceLabs "mid-term stay dynamic minimums" to massage the booking tendencies here.

I am also a massage therapist and have a private practice out of my house, so this isn't new territory for me either.

They don't work a "job" so they have the time to source the best foods, get 9 hours of sleep every night, get regular massages, etc.

Filming porn, massage parlors with happy endings, etc.

They also have lots of acrylic/melamine cups, wine glasses and plates which are unbreakable and would be great for a beach house or lake house where things are eaten outside.

In the mid 70's it became popular to start using acrylic plaster which is essentially acrylic paint with plaster mixed in as a thickener versus a bonding agent.

Paint is 50-60$ per gallon (acrylic sherwin williams super paint).