I agree with jlinkels. You need to provide more information to us.
First of all, it is not the wise idea you rely on VM console to configure and troubleshoot problem.
In order to gain access SSH access
Make sure SSH service is running at your VM
Code:
ps -ef |grep sshd
netstat -anp |grep sshd
You should see port 22 is listening
Check your host-only interface IP address
SSH with ssh client (for windows use putty)
With your description, you configured router interface of dhcpd.conf is 192.168.1.254.
With that your interface ip address should 192.168.1.254
What is your virtualization software? Make sure that software host-only network should not run DHCP service. So that it won't interrupt with your server.