If you find a sublet-friendly co-op and it requires an "All-Cash buyer", there could be a good reason.The points you mentioned regarding co-ops are valid but do not apply to all co-op boards across this market.

These can sometimes offer better cash flow, especially if you’re in a family-friendly area with unique features like extra square footage, an ADU, or flexible layouts.

Separately, smaller towns are very user friendly.

It would be a huge mistake to jump into a strategy without understanding how to deal with problems that may very well arise, more especially when the property is in tenant-friendly states. 

I am creating an llc with a couple friends as we go into this new endeavor.

I will also add that many independent travelers that do room rentals enjoy having their own fridge.To keep things kosher in shared spaces, my friend who runs PadSplit says every room comes with one colors or plates cups etc to ensure that guests are accountable for their own dishes.

Did a ride along yesterday with a friend who does industrial, SFH and MFH.  

I've met the owner, and my friend has 2 padsplit properties.

Many times I tell my friends to just keep the debt, bite the bullet, and pay it off. 

Hey Natasha - Happy to put you in touch with my investor friendly agent/investor in the area.