Prebuilt only.It's also possible that the only failure is the drain.

Sadly, it turned out to be a complete waste of time for all involved due to the seller's unwillingness to complete any of the tasks required and failure to pay his outstanding debts.

It is referring to one of the REV rulings where the taxpayer has used QI to get around it with failure. 

Chapter 5313: LAND INSTALLMENT CONTRACTS5313.01 Land installment contract definitions.As used in Chapter 5313. of the Revised Code:5313.02 Required provisions of land installment contracts.5301.25 of the Revised Code and a copy of the contract to be delivered to the county auditor.5313.03 Biannual statements furnished to vendee.Every vendor under a land installment contract shall, at least once a year, or on demand of the vendee, but no more than twice a year, furnish a statement to the vendee showing the following:5313.04 Vendee to enforce chapter provisions.Upon the failure of any vendor to comply with Chapter 5313. of the Revised Code, the vendee may enforce such provisions in a municipal court, county court, or court of common pleas.

It frustrats me to have new folks approach me "I want to be setup with a mentor" yet they have not proven themselves by joining orgs, paying for education AND showing some accomplishment by self efforts and failures.  

That is why agents have about a 90% failure rate and leave the business.

*Tenant(s) shall be considered in breach of this lease/renant agreement upon failure to satisfy said lien.

I have not been able to find much in the way of articles showing success or failure.

I only mention failure because statistically, most agents don't make it in the long-run and need to be able to fallback on something reliable.

In a case where a property is subject to renovation and through the renovation becomes uninhabitable and due to failure to finish the project then becomes dilapidated the municipality can pursue the lender for damages and clean up costs.