Help Me Get This Running Please!

OK so some more information. 

I just started over completely, got it so it looks like everything went well. Went berserk with giving rights to the inetpub folder to anyone and everyone that wanted it. Set all users rights to me, as I'm an admin on the machine. 

I got it to budge, my tinkering with the applicationHost.config file, it was crashing on the <system.web> sections. By removing these it at least compiles 

<location path="Default Web Site/InnovatorServer/OAuthServer">
<system.web>
<authentication mode="Windows" />
</system.web>
<system.webServer>
<handlers accessPolicy="Read, Script" />
<directoryBrowse enabled="false" />
<asp>
<session timeout="00:20:00" />
<limits scriptTimeout="00:01:30" />
</asp>
<security>
<authentication>
<anonymousAuthentication enabled="true" />
<basicAuthentication enabled="false" />
<windowsAuthentication enabled="false" />
</authentication>
</security>
<httpLogging dontLog="false" />
<defaultDocument>
<files>
<clear />
<add value="Default.htm" />
<add value="Default.asp" />
<add value="index.htm" />
<add value="index.html" />
<add value="iisstart.htm" />
<add value="default.aspx" />
<add value="default.html" />
</files>
</defaultDocument>
</system.webServer>
</location>


<location path="Default Web Site/InnovatorServer/Vault">
<system.web>
<authentication mode="Windows" />
</system.web>
<system.webServer>
<handlers accessPolicy="Read, Script" />
<directoryBrowse enabled="false" />
<asp>
<session timeout="00:20:00" />
<limits scriptTimeout="00:01:30" />
</asp>
<security>
<authentication>
<anonymousAuthentication enabled="true" />
<basicAuthentication enabled="false" />
<windowsAuthentication enabled="false" />
</authentication>
</security>
<httpLogging dontLog="false" />
<defaultDocument>
<files>
<clear />
<add value="Default.htm" />
<add value="Default.asp" />
<add value="index.htm" />
<add value="index.html" />
<add value="iisstart.htm" />
<add value="default.aspx" />
<add value="VaultServer.aspx" />
</files>
</defaultDocument>
</system.webServer>
</location>

Here is the error

The Windows Process Activation Service encountered an error trying to read configuration data from file '\\?\C:\Windows\system32\inetsrv\config\applicationHost.config', line number '1161'. The error message is: 'The configuration section 'system.web' cannot be read because it is missing a section declaration
'. The data field contains the error number.

Now it gives me fun circle that never loads. How do I resolve this?