Hi, I do apologize for asking this here but didn't see anywhere else to do so. Is it possible to run this with an SQL-lite type set up so that the Database is on my own system rather than having it hosted somewhere else? I would love to use this plugin on my server but I don't want to pay somewhere just to host the DB.

You could host MySQL yourself ...

Ahh okay, thank you. :/

I'm afraid the plugin only supports MySQL. A lot of the features including the syncing and the web UI are dependent on the database being available from other servers; which is not possible with SQLite, at least, not without setting up NFS, but that also carries concurrency risks.