My recommendation for you would be, to play the USA. And as your allies, you’d need a competent USSR player and a strong UK player.
The USA gives you high income, and it’s a safe place to be: no enemy troops hammering down your front door any time soon. I also think that if you and your opponents are not generally very strong players, the USA is the easiest nation to play, and you can afford quite a few mistakes.
Go for a straightforward KGF strategy and ignore Japan completely, unless of course they’re actually invading America, in which case you need to kick them out again (and doing so is not a very good plan for Japan anyway).
The USA, of course, does have a navy. But the only sea battle you would have to fight (and inevitably lose), would be Pearl Harbor. Because in your KGF strategy, the task of dealing with the German fleet would typically fall to the UK, and while you would need to build ships to get your troops across to Europe, you wouldn’t actually need to fight in the Atlantic. Beware of a last-ditch Luftwaffe strike though, so buy some protection for your transports (and AC with two fighters helps a lot), or make sure that the Brits help you there.
I think that by playing the USA in that manner, you can be actively involved in the fight, and be on the winning side even if you’ve made a few mistakes yourself. The basic idea is simple: all you need to do is ship troops to the UK turn after turn, and then use those troops to invade Europe. Find a strong player to side with you as the UK, and coordinate your strategy with him.