In a large bowl, break the eggs, and beat them with a whisk until they're light lemon yellow, and fluffy.
Add sugar to the eggs and whisk until light and fluffy.
Next, add milk and oil, whisk until eggs, sugar, oil, and milk are completely incorporated.
Add the Flour and baking powder, and whisk together until the ingredients are mixed. (Batter may be a little lumpy, but that's okay)
Then add cocoa powder and red food coloring, stir the batter until the cocoa powder and red food coloring is evenly mixed. Let the batter rest for 5 minutes.
Let's make the cheesecake swirl while the batter is resting for 5 minutes. In a bowl mix cream cheese, vanilla, milk, and powdered sugar.
Spoon cream cheese mixture into a piping bag, set aside.
Heat an electric griddle or skillet until butter melts and sizzles. With the heat on a medium setting, drop the batter for the pancakes with either a ladle, or a half cup measuring scoop.
Swirl the cream cheese onto one side of each pancake and cook until the edges form and they are ready to flip.
Flip the pancakes with a pancake turner, and remove to a plate to serve, and top with extra cream cheese swirl or syrup.