There's a reason why ppl sell and to whom they sell if you need a quick fix because your wife is leaving u and you would have lost the house and your "status" among ppl, for doing so maybe the option given makes since 

They sell the place as quickly as possible and take a steep hit.

Although I did just do a quick google search for professional real estate photography and the prices are $100-$200.

She is in Buffalo, and can be there quickly to meet with people.

I don't lend in the state of Washington but PM me so that I can guide you through the process.  

With this savings growing quickly, where should we keep our savings to get some kind of a return in the meantime while I crunch numbers, read books and absorb as much as I can before making that first decision?

If you have to go 100 feet, that's a quick $10K extra that needs to be added to the cost of doing the conversion. 

You will quickly notice who the major players in the space are.

I have a family member that is trying to sell their house quickly for whatever they can get.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.