Orchard.FileSystems.VirtualPath.DefaultVirtualPathProvider - (null) - INFO Path '~/Modules/Markdown/../../../packages/Microsoft.AspNet.WebPages.3.2.3/lib/net45/System.Web.Helpers.dll' cannot be made app relative: Too many '..'
I am finding this error at debug time in all the orchard modules. Project is not start successfully. Same error of different dll is coming in my log.
You can find the answer in the Orchard source, where this log has been generated. Your packages folder is outside of the application root.