So excessive water usage is a double edge sword.

I couldn't find an adopted opinion on this specific topic and I believe this is because the 'dry closing' is understood to be a career ending move if performed by a closing attorney (see NCGS 45A-4).

Dog food mixed with dry sacrete.

It was dry as a bone when I looked the house over. 

If you had them drafted by an attorney (probably not since it's at usurious interest rates but you never know), there could be a provision in there for what happens if the loan is deemed to be usurious (i.e. interest rate gets automatically reduced to lawful rate and excessive interest collected gets applied towards unpaid balance of principal). 

@Brent Coombs  Absolutely using sold comps, maybe to the point of excess sometimes...

These pictures are before the poly was dry... and doesn't look that shiny now.  

Your description doesn't sound that badd and you don't have to replace all the dry wall to do electrical and plumbing work about a that can be done from above underneath or outside

From weather, getting land rights, lack of rigs, to just a dry hole there is always something going wrong.   

Thanks @Fahim Siddiqui things are running smooth our biggest problem now is the local market is drying up for rentals.