Thanks everyone for their suggestions but alas, that's not where the problem was occuring (of course right?). Apparently part of the choke cable is broken under the tank so when the bar is turned, one cable end is pulled out of the rubber boot down there, so I'll have to get a new cable.
Mine had a problem with the choke cable too. If your curved metal ends are pulling out of the choke boots, then your cable is routed incorrectly. You might not need a new cable. The metal ends will just slip back into the boot.
I made sure it was routed according to the Service manual AND, I made sure it was tie wrapped to the carb brackets in the right spot. Mine wasn't and it had caused it to rub on the frame and the outer casing was split which ended up causing it to seize. I was able to free up the cable and lube it, and after mounting/routing it properly, everything is fine now.
The cable should come out of the switch housing, through the triple tree, into the wire stay, then down to the split. The front carb cable is very short and shouldn't be a problem. The rear cable is tricky though. It has to go under the carb brackets, then it has to be tie-wrapped to the right side bracket, near the middle. Make sure the cable is on the outer part of the bracket so that it gets a clear shot to the rear carb.