Use that time frame to shop several lenders, not only to see who has the best rates and terms, but also which mortgage bankers are most responsive and knowledgeable.  

@Thomas Mattausch  In addition to flipping houses (trying to close on my first) I'm also a banker at Key.

Talk to your banker in advance to see that they are aware of the situation.In addition, make sure you keep a record of the withdrawls, while probably never needed the FEDS do look for large cash transactions

Step 1 - Call the bankers to get your finance line up for pre approvalStep 2 - View PropertiesStep 3 - Found the property Step 4 - Put down 10% downpaymentStep 5 - Close the dealPS: What does MLS means?

I'm putting together my 1st syndication deal and getting very confused as of how do you hold the property.I'm raising the 25% down payment from 4 people to purchase a package of 5 single family house. 75% will be finance by a commercial banker. 

You also need to build a team and leverage the team for deals, such as a property manager, banker, title company, attorney, inspector, etc.Hope that helpsGino

It will look bad to the banker that you do not have the reserves to pay for a new roof, especially if you have owned the property for a few years. 

If you have trouble finding some in your area, consider establishing contacts with community bankers, CPAs and real estate (or business, or title) attorneys.

Reach out to realtors, bankers, and other investors.

If you look at the Mortgage Bankers Association data, loans in default actually declined in Q2.