What would a Tenants in Common Timeline look like?

I’ve been friends and room mates with two people for the past 4 years. We’ve agreed that we would like to own instead of rent, so I did some research on Tenants in Common. We live in Chicago, and would be looking to share a 3 bedroom condo/loft/unit of a townhouse but I’m unsure of the process. When do we and how do we get approved for mortgage loans? When do we search for a place? When do we write a TIC agreement. We have a year, which seems like enough time. Can someone help me with a timeline?

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