My problem was solved after contacting vray support.
Here's what did it:
-
Make sure VRLService is running. You can check that by going to Task Manger > Services.
It wasn't running...so, on to step 2 -
Download and install V-Ray license server:
https://download.chaosgroup.com/downloads/289/download
Installed it, then ran 'Manage Vray Online License Server'
Good to go....now I'm having fun with the 3.0 beta. UI is gonna take some getting used to...but some real cool features so far