As @John Underwood mentioned they should be able to count 75% of the monthly income generated from the property and if that more than covers the properties carrying costs then it would actually improve you DTI %. 

We're talking cell phones, a big screen TV, air conditioning units, furniture, electronics, etc. 

(Not recommended because if it is sold the buyers will check the rental income and your income will be short) That could possibly be explained. 3rd: If the owner is performing maintenance/repairs/improvements this would be calculated in operating costs since no one would be able to live in the space anyway. 

Construct a new Facade to improve the retail floor for public assembly, build-out a new restaurant on the street floor 2003.

@Steve Kim, Currently I am in Gardena and South Los Angeles and both properties are flowing well but the equity is what has improved the most. 

After Principle, Interest, Tax, Insurance, money set aside for Maintenance/improvements, Property Management, Utilities etc, is it cashflowing?

You cannot exchange for improvements on property you already own. 

The home, as-is, can work but it needs improvements and updating. 

I would not try to use your real estate investment strategy as your 'improve your credit score' strategy. 

Average rent collection $4,400 given vacancies Utilities we pay: $700 a monthRepairs: $200 a month (some improvements built in there)Insurance: $80Property Taxes: $125 per month@ 12 years= $1,471 payment.Net cash flow: $1,824.Appraisal come in at $150,000 today.Combined the properties should cash flow over $2300 a month.