Does the 203k require 3 months of cash reserves for approval?

[Byron W.]

I've been told that when buying 3-4 units, about 3 months of cash reserves is expected for just in case things go wrong. But does the 203k also require this? Considering you won't be immediately moving into the property, I would assume you could just show the reserves once the rehab process is complete? Or do they expect you to show reserves up front prior to closing?