Also, I've added about $250 to my monthly costs to cover utilities.Looking on Furnished Finder, I do see plenty of places in my approximate price range, so I thought my target (average of $1100/room) was competitive and reasonable.

What did I miss or maybe have a lack of understanding on that I should research more?

It’s a good idea to get specific about how they plan to address maintenance or operational issues independently, so you’re not getting those 8-10 calls a month.Marketing Strategy: How do they keep your listing competitive on platforms like Airbnb, VRBO, and others?

You have a lot of empathy that many in this industry lack.

I try to take this as a complement as I try to keep my rental rates competitive to garner a better pool of applicants.

But there is just not enough housing here for the amount of people, and so monthly rent has increased significantly for tenants due to the high demand and lack of supply. 

I do not have an age requirement for parking lots; the location and surrounding competition are my main concerns

Secondly on a single location policy who is everyone finding to have the most competitive costs?

it is very difficult - much more difficult than advertised, and more difficult now than it was a few years ago because of the increase in interest rates and the heightened competition for distressed deals.the issue is this: you're up against other investors and businesses spending tens and sometimes even hundreds of thousands of dollars a month on marketing. 

Wood quality began dropping on a serious scale in the 1980s due to old-growth timber being almost completely depleted.Most wood used today is grown very fast - not only can you visibly see the difference in quality, but the newer lumber is more prone to rotting due to a lack of heartwood.