This is a budget version of the ever popular Angel of Glory's Rise Reanimator deck that I've been tooling around with on MTGO. Being a budget version, it certainly can't compete with the real thing, but it's still a hell of a lot of fun to play with.
Yes, the mana base is terrible. Only a crazy person would build a 4-color deck with no dual lands, right? Fortunately, you do have Avacyn's Pilgrim, Mulch, Evolving Wilds, and Borderland Ranger. You will lose games because you never hit the right mana, but if you keep your weaknesses in mind when evaluating your mulligans, you can minimize the number of times this happens.
When mulliganing: can this hand realistically get to 5 mana with a good shot at white or black mana? Going turn 1 mountain into Faithless Looting is usually enough to make me keep; if I see a Mulch or Borderland Ranger as well, that's a snapkeep. Note that I just described snapkeeping a 1-land hand: yes, you can do this! You're going to see 1 and 2 land hands more often than 24-land decks, but you can dig through your deck reasonably well, so don't be afraid to gamble because it will often pay off.
On looting: be smart about it. Faithless Looting is the single most powerful card in this deck, but using it incorrectly will lose you games. Don't dump your Sanctifiers or Rangers; those cards are there specifically to be used twice. Cast them, get use from them, chump them to your opponent's large guys, then get them back when the Angel comes roaring into play.
The one-ofs are not random. Manic Vandal was a safe bet; it hits the occasional artifact, and you don't lose anything by including it since it's human (it came in for a third Malcontents during testing). Ray of Revelation is there specifically for Curse of Death's Hold (you simply can't beat it and it's popular enough to run a single maindeck answer). The others simply provide value, but you almost never want to see more than one of them.
Side in Ancient Grudge every time. If you're facing undying, you can probably afford to only bring in 2, but against everything else bring in all 3. Manic Vandal, Disciple of Griselbrand, and Bone Splinters are your most likely targets to sub out. You will see either Nihil Spellbomb (your worst enemy), Grafdigger's Cage, or Torpor Orb after boarding, so you need an answer.
If they're really aggressive, bring in a fourth Ranger and Sanctifier to stall the game. If they're spewing tokens left and right, the Blasphemous Acts are the obvious inclusions. Bring in Ray of Revelation against U/B control for Curse of Death's Hold. Bring in the fourth Fiend Hunter if they're ramping. Bring in Shock against Delver (although you'll probably still lose).
If you lose game 2 because they go balls deep on killing your graveyard, blow their mind in game 3. Side out 3x Mulch, 3x Unburial Rites, 1x Disciple of Griselbrand, and 1x Geist-Honored Monk. Bring in 3x Hamlet Captain, 1x Borderland Ranger, 1x Cathedral Sanctifier, 1x Shock, and 2x Plains. Now, I haven't done this enough to know how well it'll work in the long run, but I've seen limited success in making my opponent play incorrectly in game three and winning with little beats while he wrecks my now unimportant graveyard.
Finally, remember that even though I'm talking a big game, this is a budget deck. You can have a lot of fun with this with friends and in casual rooms in MTGO, but you will probably not win anything serious with this unless you get really lucky. There are plenty of articles on the net that will show you the proper way to brew this deck (hint: it involves loads of dual lands and some little guys whose name starts with H and rhymes with "bells"), but if you want to have some fun on the cheap, this'll work.
Depending upon your collection, you can probably get what you need for this deck for about 2.5-3 tickets.