With the birth of the On-premise (Local Business Data or LBD) version of Dynamics 365 for Finance and Operations some of the features we are used to in the cloud version is gone or not yet implemented. One of the coolest (in my opinion) features is not yet implemented and that is the Power BI integration. That means that you will NOT be able to pin reports from your PowerBI.com subscription onto a workspace. Power BI will be running outside of the application. Also, SSRS reports does not open in the report viewer anymore, instead reports are rendered as a PDF documents.
You can find the whole list of features that are not implemented yet here.
From an infrastructure point of view the system requirements are available here.
Summary of the minimum recommended requirements are: