If in Texas, a lease purchase option longer than 180 days without consent from the lender to receive payment from the tenant/buyer is not possible.Also, you can assume the obligations of a VA loan -- it is a non-qualified assumption - meaning the lender is not qualifying or approving of the assumption. 

Be particularly aware of the rental/leasing policies (e.g. how is the company compensated for leasing?

This would allow me to create an additional bedroom and potentially live in the basement while sub-leasing the first floor.

Perhaps, it is best that we terminate the lease because I can’t continue accepting late payments until the lease is up.  

I wonder going forward if you can have in your lease with new tenants .. have them sign off right then there intention to buy..

Ground lease?

Or perhaps you’ve found success with other strategies like lease options?

i.e. did you sign leases personally?  

On the flip side I've seen neighborhoods where we manage multiple units and the house is leased in less than 2 weeks.

The tenant was responsible for the other 11 months of the lease rent and paid two months and then stopped.