I was able to run the vhd before I updated to Windows 8.1 pro just fine. I cleaned up all my old VMs and attempted to download a new copy and cannot get a VM to power on. I assume Gen 1 since it is a VHD file and not a VHDx file. For the ISO I have tried Gen1 and Gen2.
I checked the security on the folder, it is allowed access and is not shared. I've tried downloading the VHD and ISO. I also cannot get a VM to start with a Linux bootable ISO and it gets farther but fails to boot "EFI SCSI Device". The error I get on the downloaded evaluation versions is below.
Microsoft Emulated IDE Controller (Instance ID guid): Failed to Power on with Error 'The version does not support this version of the file format.'