Team Foundation Server has been something that you mostly see in bigger companies. Because it required a hosted solution to work well. So if you wanted to have a TFS even for a small team project you would need to get access to hosted TFS or first spend few days installing it. Now there’s a very easy option Team Foundation Service.
- 
    Open tfspreview.com  
- 
    Fill in wanted name (Try to choose something that’s easy to remember)  
- Login with your Windows Live ID
- 
    Your TFS is now ready  
- 
    Start by creating a new project. You only need to type the name and choose the template. The default one is good.  
- 
    Now wait a moment for project creation  
- 
    After that open the project and from activities choose open new instance of visual studio  
- Enjoy!