If I understand this correctly 3x rental income is I can charge $6000 for a section 8 tenant if ordinarily a regular tenant pays me $2000?

After the intro period, pay off the card in full.Now, during these 15-18 months, the cash you would have ordinarily used instead of racking up the credit card debt can be put in a high yield savings account, treasury bills, CD etc. to earn you around 5%.

I assume with the experience you have there has to be at least a few good reasons to advise him to do the opposite of what you would ordinarily advise against.  

The regulations provide a list of situations where the unit of property is restored, such as if the expenditure (a) returns a unit of property that deteriorated to a state of disrepair (and can no longer be used for its intended purpose) to its ordinarily efficient operating condition or (c) replaces a part or a combination of parts that comprise a major component or substantial structural part of a unit of propertyIf you had just patched the crack that would be repair.

When it goes I would ordinarily want to put a top loader in there but there is not the room, plus the renters at that time might perceive this to be a downgrade.

While that much rain can defeat what might ordinarily work, it would be good to review that your downspouts are directing water at least 5-6 feet from your foundation, that the ground is sloping away from your house, and that you have swales or french drains intercepting any water moving down slopes or hills towards the house.On the other hand, if you're dealing with a high water table, it's a different ballgame.My experience with Drylok is that it works well with minor amounts of water, but that any significant hydrostatic pressure will defeat it.

As a result they are not a very effective collection tool for creditors.Example: The collection agency obtains a charging order from a court ordering the Acme LLC to pay to it any distributions of money or property the LLC would ordinarily make to John until the entire $38,000 judgment is paid.

I'm not sure how much such a replacement costs, however there are several fairly liberal safe harbor provisions that will allow you to expense many items so you don't ordinarily need to capitalize them.

I would like to have document references to support classifying these two expenses as Maintenance (not repairs) so that I am safely classifying these costs under the Safe Harbor for Routine Maintenance.Also, it is my understanding that the Safe Harbor rule for Routine Maintenance stands apart form the Safe Harbor Election for Small Taxpayers which is an issue due to the 2% rule.Safe Harbor Election for Small TaxpayersThe total amount paid during the taxable year for repairs, maintenance, improvements, or similar activities performed on such building property doesn't exceed the lesser of- Two percent of the unadjusted basis of the eligible building property; or$10,000 (for questions about how to calculate the unadjusted basis, refer to "Figuring the Unadjusted Basis of Your Property" in Publication 946Safe Harbor for Routine MaintenanceYou are not required to capitalize as an improvement, and therefore may deduct, amounts that meet all of the following criteria:Amounts paid for recurring activities that you expect to perform;As a result of your use of the property in your trade or business;To keep the property in its ordinarily efficient operating condition; andYou reasonably expect, at the time the property is placed in service, to perform the activities: For building structures and building systems, more than once during the 10-year period beginning when placed in service, orFor property other than buildings, more than once during the class life of the unit of property.Thanks in advance for any guidance you can provide.

I won't quote the rates on here, but they're very good and comparable to what you would find ordinarily, they aren't hard money.