BizTalk: Problem starting file receive location

The Problem

I was having trouble getting a receive location started. Every time I attempted to start the receive location an error message was added to the event log and the receive location remained stopped. The error message was something like this:
The receive location "<PortName>" with URL "<FileLocation>" is shutting down. Details:"The Messaging Engine failed while notifying an adapter of its configuration. ".
The transport type of this receive location is FILE.

The Solution

I’ve encountered this several times before. The solution was to make sure that the <FileLocation> exists and that the security principle under which the receive location is running actually has permission to access the receive location. Once I did this, the receive location started first time.