@Franky JuwanaBefore looking at creative solutions for taking control of the problem, you need to establish first it makes sense financially.Is the price the seller is willing to accept a good price.Here it is an exercise of looking at the income they property will bring in and deduct all the expenses you will incur or are likely to incur.If you establish you have some positive cashflows then it makes sense.Now to be creative, you need to know what your constraints are?

It states that the full balance COULD be deemed due by your lender when ownership interest is transferred to another party(the LLC).I personally have never heard of this clause being exercised by a bank in a situation like this, but it is something that you should be aware of.

I did offer three equal payments which would put them paid off before the end of their lease however they didn’t make the first payment so it doesn’t appear they are exercising that option.  

This may be an academic exercise but will give comfort on how deep in the water you are in extreme situations.

We have to exercise extreme caution and care when dealing with individual circumstances.

-I understand that the 15K deposit to exercise the option to buy will be forfeited if I don't exercise the option.The point of a lease option is to collect money up front as a DP or charge a higher rent, part of which goes toward the down payment if they don't have the dp right now.

@Sharon Miller they are exercising their right as stated in the lease.

The city parks here in Omaha are closed, however you can still bike, fish, exercise and use the trails in them.

I have not maintained these in quite few years but I found it to be a good exercise in helping me to obtain the knowledge to ballpark estimate maintenance/cap ex just on features.  

We have at least 2 of our very first residents that are in a nice equity position and I fully expect them to exercise in the upcoming few months.