Though applicant 1 shared 2 year old lease ( ended 2021) which has applicant 2 name( shows in credit report too) but it does not show on applicant 2 credit report.

But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.

In addition, you’ll be included in their newsletters for additional real estate investing resources.The best way to leverage RentRedi benefits is for rent collection:Tenant applications and screeningDocument and field maintenance requestsE-sign leases Tenant communicationRenter’s insuranceAnd for Stessa benefits: Property bookkeeping and accountingPortfolio monitoringProperty analytics to track historical performanceSchedule of Real Estate OwnedLandlord bankingTax prep support 

I am planning on not resigning my lease and starting of my RE venture. 

I was in a leased building, counting on a hand-shake deal to buy the property in the future.

Good summary of what your market is looking for but as we all know, each market tends to have its "wish / want" items which differ from market to market.Flow is definitely a selling point but make adjustments come with a cost. 

And one side was already leased.

I know of at least two big players in the lending space who have begun asking for a higher rate if you had in a sec 8 / HAP leases.

Most institutional DSCR lenders prefer one lease per property/unit, however, I've seen programs allowing rent by room strategies.

The same also applies when considering a lease renewal or temination.