How quickly can I refinance after a tax deed auction?

[Paul OConnell]

I am considering purchasing a property at a tax auction in the next couple of weeks and I am wondering if anyone has any idea when I would be able to finance the property. In the State of Michigan, I am required to pay cash at the auction and am issuesd a Quit Claim Deed within 30 days. My thought is it would be nice to take some cash out for any repairs as soon as I could perform a Quiet Title. Does anyone know if this is feasible?