Save it and sail it down the street next week when Irma arrives. 

I can't think of anything safer than a savings account.

What could have saved you thousands of dollars?

The mortgage officer will have all the facts....it's not a question of "legal"....if your banker allows it and you qualify for the loan....you'd be saving a little interest.

I'm planning to use some of the money I do have saved to buy my first cashflowing property.

Saved me a lot of work!

@Andrew Johnson  I buy milliions of dollars in materials a year probably in the order of 10 million.. or more.. its such BS that these companies can save HUGE money doing it volume its all a pitch and the folks just don't know what they don't know they are drinking the cool aid.. :)  We get good pricing but you can't take a full 25 to 30k rehab and do it for 10k or 15k.. not possible. unless you simply don't do certain things..

Also consider an HSA health savings account and if when kids come into the picture an ESA.

I'm monitoring CL always, even when I don't have anything to rent and sometimes even save some listing, copying them on my comp.

If it is to save a few bucks, let me tell you I would sleep better at night knowing that there is nothing coming at me from something someone else did or didn't do.