'No storage location Set' Bug in FCPX 10.1!!! Only allowing 3 Clips to importat a time!!!

Hi, I am an independent filmmaker shot around 42 days of material in Canon C500, 5D Mark3 and 60D. I am using OSX Mavericks 10.9.1 and FCP 10.1, Irecently bought a new Imac to edit the project on my ease. The Configuration is as below-
I was happily importing the footage in FCPX 10.1 and everything was smooth so far. But few days back when I tried to complete my remaining footage ingest it suddenly started showing me this message -
I tried the preference menu and couldn't find anything over there which I did mistake probably....or atleast I can't remember
Even after repeatative happening of this problem I tried importing it in a separate library and separate event but the problem still remains.... If I give more than 3 files to import it shows the error message and after that I have to hit OK to get out of it ....other than those three files... For Example if I give five files then I have to HIT it twice to remove the dialougue box!!!!
After the dialougue box goes it shows all the five clips....but the footage that was not importing shows a CAMERA Icon!!!!
I have to manually delete those files before re-importing. Cause re-import doesn't work. And since it is really not importing later on as expected it shows a missing camera icon in the event browser and the viewer
I converted and trasferred before and never had any such problems.... now after 3 clips the transfer doesn't work. I have to wait until the three files get transcoded before I can continue further ingesting. Accidentally If I import those clips I may even edit with this without knowing that it is showing a camera icon like this ----
The footage with the Camera Icon didn't IMPORTED and to import I have to manually delete those first and re-import again. I really don't know any solution of this... I tried already few trouble shootings
1. Tried different Hard Drive to test if it was a HDD issue,
2. I have uninstalled and re-installed FCP 10.1,
3. I removed the preference file few times going through holding Optionbutton> Finder>Go>Library>Preferences and deleting those FCP peferences and had a fresh start !!!
4. Tried my Macbook Pro which have Maverics 10.9.1 and FCPX10.1 installed to see if it was a problem with my IMAC?
But Still Bad luck
Any suggestions please? I am not sure what I am doing wrong
Thanks for your time

Had the same issue, Took me a day but managed to get it fixed (till it will crop up again).
I re installed FCPx according to the APPLE instructions . I think it is important to empty the CACHE as that is where the problem may be stored.....
These are the instructions from APPLE :
In Finder, choose Applications from the Go menu.
Locate the Final Cut Pro application and drag it to the Trash.
In Finder, hold down the Option key and choose Library from the Go menu.
In the Library folder that opens, open the Application Support folder. Move the Final Cut Pro folder to the Trash.
Return to the Library folder and open the Caches folder. Move the "com.apple.FinalCut" folder to the Trash.
Return to the Library folder and open the Preferences folder. Move the following files to the Trash:
com.apple.FinalCut.LSSharedFileList.plist
com.apple.FinalCut.plist
com.apple.FinalCut.UserDestinations.plist

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