Some strange going-ons with SCCM 2012 R2.
For some reason the WDS role was not installing when enabling PXE for the local distribution point. I checked the distmgr.log and nothing was happening.
I manually installed the WDS role from Server Manager – not the recommdend way – but WDS failed to start. Checking Event Viewer the following error appeared:
‘The Windows Deployment Services Server service terminated with service-specific error This shared resource does not exist..’
I checked the SCCM server and no ‘Remoteinstall’ folder had been created.
Running any wdsutil command in an elevated command prompt just returned the error:
‘Error Description: The Deployment Server role service for Windows Deployment Services has not been configured on the server.’
To get around the problem I ran the following command:
‘wdsutil /initialize-server /REMINST:c:\remoteinstall’
The WDS service is now running and the remoteinstall folder exists.
SCCMentor - Paul Winstanley 
I have had this problem continually with all my SCCM PXE DPs,, found the same fix worked…
Yeah, this is old, but still came up as one of the first results when i searched for it so I decided to leave a comment.
I’ve run into this problem on a DP with only 1 disk. Normally i have OS on C: and SMS data on D: but this was just a test server so didn’t bother to create the D: drive.
WDS failed to install with similar issue as above until i disabled UAC.
Thanks for info Ulrik