Background:
I am trying to use my office machine, where I have some limited rights, from home. All products are installed through when I was connect
I had the similar issue could not even start a web project in vs 2013. None of solutions suggested worked
So i tried the following
Gave read & write permission to following folder
C:\Program Files (x86)\IIS Express\config(default installation iisexpress8) made sure both subfolders schema and template have read & write access
Then went in to schema folder and renamed asp net_schema.xml and ran iisexpress.exe from command prompt.
It started iis express and successfully registered url "xxxx" for site "webisite1" application
After that i quit iisexpress and renamed the schema file again to the old name.
After that i had no issues starting a web project