Kathy gave an excellent answer. Consider giving her the "Best Answer" award.
Investors do this all the time. They don't always have a specific buyer (or tenant-buyer, in your case) in mind. But if they can acquire the property inexpensively, some will hold it for long-term income. Others will fix it up and sell it quickly. And others (I know a couple in my area) will sell it on a lease-option.
One additional suggestion: To find investors, look at your local real estate investing clubs. Here's a link to ones in Michigan: http://www.creonline.com/real-estate-clubs/mi.html
To address your other question: No, a bank won't do it.
Hope that helps.