Hello Connections Academy Developer,
Thank you for using our services.
When you created your website where did you create the website on? Did you create it on the standard FileSystem option or on IIS. If you have not created the website on IIS through the project manager then the website is not automatically added on IIS and will not exist on localhost/. This is so because now we ship the Project Manager with an integrated web server - eliminates the need for IIS on development environment. There should not be any special IIS settings - we have extensionless urls by default in this version of Sitefinity. The project manager will create all needed configurations for the website on localhost when you add a website to IIS through the project manager.
Make sure that you have enabled Anonymous Authentication and that you have handlers for the WCF services. You should check if you have a handler mapping for .svc and the type is System.ServiceModel.Activation.HttpHandler, System.ServiceModel, Version=188.8.131.52, Culture=neutral, PublicKeyToken=b77a5c561934e089
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