Resolving "The Microsoft Identity Manager server database could not be successfully populated" installation error

Here is yet another of those Microsoft Identity Manager installation errors that doesn’t give you much information and when looking for a resolution you can’t find an exact match through Dr Google.
Nearing the end of the Microsoft Identity Manager Service and Portal installation you receive the “The Microsoft Identity Manager server database could not be successfully populated” error.
https://dl.dropboxusercontent.com/u/76015/BlogImages/MIMDBNotPopulated/MIM%20DB%20Not%20Populated%20-%20Full.png
Looking into the installation log (which I’m in the good practice of always initiating when doing an installation of the MIM Service/Portal these days eg. … [Keep reading] “Resolving "The Microsoft Identity Manager server database could not be successfully populated" installation error”