I like deep value and contrarian thinking.

I let those words sink deep down and built up my cash and jumped back into investing.  

Well, let me just give a simple example:Tiger:  "Hey Dion, how deep is that hole?"

Buy a distressed property at a deep discount with cash and a quick closing, doesn't have to be my cash just cash from somewhere.

Part of creating a marketing system is to identify potential candidates (suspects) that appear to fit your deal criteria without much research.Don't too much research in the front end; only enough to fit and exclude the obvious.You basic qualification research only need occur when you have a principal who has expressed serious interest in doing business with you specifically and has given you signals that they are motivated to given something up in order for you to solve a problem.You due diligence (deep research) should be reserved for when you are in contact with a principal and you have the working of a transaction on paper. 

If I'm lucky, the foundation is 1" above grade, and I'm really not sure how deep I can go with the grading, but there may be some other things I ca do to divert any water.

The quickest way to install is to use J-Chanel as the top rail and dig a trench about 4-6 inches deep.  

Lets say i spoke with a seller that is not interested in selling at a deep discount but is interested in seller financing options.  

Torrential rains caused flooding 13 ft deep, so there was 5 ft of water on the Second floor.When I was a kid a relative had a property with 8 feet of water on the first floor and of course a full basement. 

Anyways I have been researching real estate for a couple of months and now think it is time to not only get my feet wet; but jump directly in the deep end.