Here is how I setup Masternode on Ubuntu VPS. Hope it is helpful

# For Ubuntu 14.04 64-bit VPS. Assumes you have all the latest dependencies installed.
# fyi, I followed vivo linux guide to install dependencies

# download latest code from git
cd ~
git clone https://github.com/innovacoin/innova.git

# Install files
cd ~/innova/
./autogen.sh
./configure --without-gui
make
sudo make install

# start the daemon and let the wallet sync - this may take few minutes. periodically run 'getinfo' command and check 'blocks' parameter.
# That number should be increasing. You can find the current blockcount from block explorer link on page 1
innovad --daemon
innova-cli getinfo

# Get wallet address and masternode private key. Save both keys in a text file for future use
innova-cli getaccountaddress 0
innova-cli masternode genkey
              
# Stop the daemon and edit the .conf file
innova-cli stop
nano ~/.innovacore/innova.conf

# Add the following lines to innova.conf file
masternode=1
masternodeprivkey=<Your Masternode Private Key>

# Restat the daemon. Send exactly 1000 Innova to the wallet address that you saved in the previous step.
# Wait for 15 confirmations. This may take few mintues. Periodically check with 'listtransactions'.
# From 'listtransactions', also find the 'txid' and save it for future use
innovad --daemon
innova-cli getinfo
innova-cli listtransactions

# After 15+ confirmations
innova-cli masternode start

# To confirm if the Masternode is running. Masternode status may show PRE-ENABLED for a short period and then should say ENABLED
innova-cli masternode list | grep <Your txid>

# other commands for status
innova-cli masternode status
innova-cli getwalletinfo