1Whisk flour, white sugar, baking powder, cocoa powder, and salt together in a bowl.
2Beat buttermilk, melted butter, eggs, 2 teaspoons vanilla extract, and vinegar together in a bowl until smooth. Stir red food coloring into buttermilk mixture. Mix buttermilk mixture into flour mixture until just combined.
3Preheat a waffle iron according to manufacturer's instructions.
4Beat cream cheese and softened butter together in a bowl using an electric mixer until smooth and fluffy. Gradually mix 2 cups confectioners' sugar into cream cheese mixture, alternating with milk and 1 teaspoon vanilla extract, until glaze is smooth.
5Spoon 1/4 to 1/2 cup waffle batter into preheated waffle iron. Cook according to manufacturer's directions. Repeat with remaining batter.
6Lightly dust each waffle with remaining confectioners' sugar, drizzle with glaze, and top each with whipped cream and strawberries.
You can substitute Splenda(R) for the sugar in the waffle batter.
2 cups all-purpose flour
3 tablespoons white sugar
4 teaspoons baking powder
1 tablespoon unsweetened cocoa powder
3/4 teaspoon salt
1 3/4 cups buttermilk
1/3 cup melted butter, cooled
2 teaspoons vanilla extract
1/2 teaspoon white vinegar
1 tablespoon red velvet food coloring (such as Lorann Professional Kitchen®) Red Velvet Bakery Emulsion) or as desired
6 ounces cream cheese, softened
6 tablespoons butter, softened
2 cups confectioners' sugar
1/2 cup whole milk, or more as needed
1 teaspoon vanilla extract
2 tablespoons confectioners' sugar, or to taste (optional)
6 tablespoons whipped cream, or to taste (optional)