Download and Install Vagrant http://www.vagrantup.com/ and VirtualBox https://www.virtualbox.org/ or VMware before beginning
#Set up Vagrant *this guide assumes the use of Mac OS X Mountain Lion on local machine and Ubuntu 12.04 LTS x64 on Vagrant box. It is compatible with many other distros but hasn't been tested.
##Step 1: Make and run box
vagrant init
vagrant box add <path to box directory or name according to https://vagrantcloud.com/>
vagrant up