To setup your AX7 VM to use TFS\VSO do the steps below:
On VS go to Team\Manage Connections and connect to your TFS\VSO server.
After configure your connect select the the “Team Project Collection” and the “Team Project” that you want to connect with.
Go to the “Source Control Explorer” and under the “Team Project” map the following folders:
- Metadata = c:\Packages
- Projects = c:\Users\Administrator\Documents\visual studio 2015\Projects (your visual studio project folder)
To sync with the TFS, right click in the “src” node, and sync. Build the application with “Synchronize database” option flagged.
DEVSerra - Dynamics AX development blog 
Great article again.If you ll add how to create the root folders on VSO ,that ll end the entire version controlling set up.
https://ax.help.dynamics.com/en/wiki/using-development-tools-in-ax7-2/
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[…] First of all you must create your own account and a new project inside VSTS and after synchronize it with your local VM. If you don’t know how to do it you can follow find an explanation about how it is done here. […]
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