An ASP.NET web project loads with up the solution, but I get this error
The Web Application Project is configured to use IIS. Unable to access the IIS met
An answer that worked for me can be found here:
https://stackoverflow.com/a/17460774/3005965
Basically, go to %systemroot%/inetsrv/config. When prompt appears saying you need admin privileges, click Continue.
This should clear up your issue.