wjgeorge did you get through this yet. I have to ask if you are on the Edison mini breakout board. If so ...
1) On the mini breakout board, the led closest the microUSBs is for board power, the led closest the button and wifi indicates the Edison module powered and running.
2) You will have to connect MRAA pin 13 (J17-14) to resistor to your led to GND (J19-3).
You may also need to update your libmraa to version 0.5.1 and up from the one on the Edison image (libmraa version 0.4.4)
3) the Eclipse IDE is your best bet for your sketches sending your file through ssh as opposed to getty.
4) manually running a sketch in the current directory from console is ./filename after a chmod +x filename has been completed
let me know if this helped.