Getting License on Same Computer as LMTools

This may help you to get a license if your AutoCAD is on the same machine as your LMTools.

C:/ Window/System32/driver/etc/hosts(open with notepad)

Remove pound from ip address line localhost

or

Open LICPATH.LIC from C:\Program Files\Autodesk\AutoCAD 2012 folder

In the first line replace the computer name with the loopback address 127.0.0.1.

(Thanks Chris!)