If your location is prime, the buyer/renter demand is still there regardless of other new options coming to market.  

The hot locations have been discussed numerous times. 

Also, for those of you located in Connecticut, are there any good networking groups/organizations that I could get involved in? 

Your profile is incomplete so that those offering you advice are limited because we don't know where you are located.

Make sure to check trulia crime maps to make sure the property is located in a good area. 

Hey Christian,Where exactly are you located? 

@Kyle Mitchell You could google your location along with the phrases 'we buy houses', 'sell your house fast', 'cash buyers', or similar phrases and you will see wholesaler pages come up. 

I had received comps from a local agent, based on number of bedrooms, square footage, and also compared driveway, location, etc.

I have conservatively valued and suggested a sale price of $160K-$165K based on increased values the past 3 years coupled with the challenging location and current condition.One of the neighboring businesses is interested and threw out the possibility of seller financing.

This interior change forced us to consider the short term rental market and how it could actually be a desirable feature for this market where a group may be interested in renting both sides like adjoining hotel rooms.Our total cash into the renovations was extensive ($95,000).