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RE: My road to the SmartCash master node, blog post 1
Yes your wallet does need to be in sync because you will need to send a transaction with exactly 10,000 SMART as collateral for the smartnode.
Also you need to make a change to one of the configuration files (smartcash.conf if I remember correctly) which forces you to resync the entire blockchain. That can take a while so might be no harm to have it done before you get the 10,000 SMART.
Thanks for the info, i hope my wallet is in sync by the time i have my 10000 Smart collected ;)