Well, you didn't say the material, not that it really matters. Ripstop silnylon can be re-coated with mineral spirits/silicone caulk. Roughly, the ratio is about a quarter to one sixth tube of caulk to one quart of solvent(~15-20:1, lighter for ripstop that has been coated, heavier for plain nylon.) It will usually seal seams, but use two coats, inside and outside.
Use a GOOD grade of caulk, 100% pure silicone, clear. GE is often cited as the best but I had good results with other brands, too. It should add about .2-.4oz/yd…that is thin. Otherwise it can form a coating that will peel rather than saturate the fabric.
Use a GOOD grade of mineral spirits, no eco-friendly products and no cheaper grades of mineral spirits that can contain kerosene. You need the mineral spirits to evaporate *before* the caulk sets. Kerosene does not do this. KleenStrip is a good brand. If the temp is below 60F(15C) use white gas(Coleman Fuel) instead of mineral spirits. You want it to evaporate quickly, but not so fast it sticks to the brush or leaves a sticky coating between brush strokes. Mix in a little more mineral spirits.
Use two brushes if you are doing the whole tent. Usually only the fly and sidewalls will need it, ie, those areas that are exposed to rain. Use a 1/2" foam hobby brush to do all the seams on the inside, first. Then a 4" bristle brush that holds a lot of mineral spirits. If the floor needs it, do this first. Then do the outside. 24 hours later (and likely a new batch of ms/caulk,) do the other side of the floor if it doesn't already have a PU coating. If the coating is thin enough it will require about 3 days to cure fully. It doesn't matter if it gets rained on after 24 hours (it uses the water to cure) but it should be dry when you touch it (often within 3-5 hours.) Some guys use a light dusting of unscented talc to break any stickiness, but this means you likely coated things too heavily. Shine in areas usually indicates too thick of a mix and can stick. After a few days, you can break the tent down and roll it up, do this a few times (once per day) to make sure nothing sticks. Once you get a little use on it or dust, it will be fine.
You cannot save any extra. It will harden right in the bucket after a few days forming a jelly like glop. The brush will be ruined for anything else, even if you clean it out with mineral spirits a few times. Silicone will react badly with varnish/oil based finishes if you happen to use it for this. (Spray lubricants containing silicone used on your table saw and other tools will also do that.) The foam brush will be ruined. Plan on that.
I've done a bunch of tarps and tents like this, including a couple large 12×18 and 10×16 family tents for car camping. It really helped them in rain storms as they got older. (One from BassPro leaked out of the box.)