VA loans require the seller to pay for the Termite Report AND provide Section 1 & 2 clearances. Additionally, they require the seller to pay for most escrow-related fees. Banks will NOT pay these fees - they sell properties "AS-IS", will not pay for inspections and so on. Additionally, the home must have a Section 1 clearance prior to close of escrow - typically, banks will not provide any clearances and, even if the buyer was able and willing to handle the clearance themselves, banks will not allow them access or permission to do any work on a home prior to close of escrow.
Bottom line, in most cases, unfortunately, the answer is NOT REALISTIC.
Here is a post that may be helpful:
Veterans and VA Loans: Losing The War At Home
I began my real estate career in 1999. The majority of my transactions for the 1st 3 years were rent to owns, lease purchases, and wraparound mortgages. They do work. There are intricacies that you must be aware of to protect yourself. Since you're in California and we are in Arizona I would suggest you contact a local real estate agent you can trust who has knowledge in this area.... more