After more diagnosis, it looks as though I need to replace the crank pulley. It goes out of alignment and that is what is causing one of my belts to rub against the timing cover.

I was shopping around for the crankshaft pulley holder tool, saw one on IPDUSA.com but I also asked around regarding some DIY methods to secure the crank pulley. One of the recommendations was to bump the starter with a breaker bar on the bolt(s), however this only applies to removal and not for securing the new pulley. (also sounds like an excellent way to break something)

The "rope" trick was recommended as well where you remove a spark plug and drop some super-strong non-disintegrating rope into the combustion chamber which will compress against the piston when you rotate the crank and secures it in place for removal and installation. But...I have yet to hear of success stories from those that mentioned it, they're aware of the process but haven't tried it themselves. Has anyone here had success with the rope method?

Thanks.