I could come up with numbers but it's not worth the exercise to me because it's so far from what is being asked.

The part that I'd exercise great caution about and would not recommend for a first-time investor is an out-of-town rehab.

We have an idea of the best route for us, but wanted to reach out and make sure we exercise all options! 

Is this a worthwhile exercise?

You could try leasing it with a separate purchase option (exercisable within 12-months).  

Germain Depository Institutions Act of 1982  "... a lender may not exercise its option pursuant to a due-on-sale clause upon ... a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property[.]"  

You can get your earnest money back by exercising a contingency in your contract.

I also have properties that I didn't transfer because I didn't trust the lender not to exercise the clause or I couldn't afford to bail myself out if they did.

Just in doing the exercise itself it helps you get down your ideas. 

It converts essentially to down payment money when the option is exercised and property purchased.I record the consideration for tax purposes in the year of exercise or expiration.