My agent is now trying to find a commercial policy to fit the situation. 

Ideally, we are looking to buy a multifamily in an up and coming area which I assumes means I will run into this issue if I insist on up and coming.

In my fist two years with the fund I not only worked with national brands and improved relations I oversaw a Days Sales Outstanding reduction of 25%.I know I'm coming back swinging but I can't tell you how tired I get of responses that I see on posts from people that seem to just be waiting to bounce on people and then proceed to draw conclusions to fit the narrative that they want to write, and think that by using smiley faces it gives them a pass to be dis respectful.

It's never a good idea to just pick one and trust they'll be a good fit without a good interview.Since you're new to the game make sure to go with someone who will help you plan on top of helping you purchase.

Ideally someone who has a lot of experience with real estate and has rental properties of their own.

Does anyone have a contract that I can look at and manipulate to fit our needs? 

A good place to start with your agent,  would be how your two's relationship fits in to the banks arms length agreement you will be required to sign at closing.  

It's easy to get finished material prices (ie flooring, light fixtures, kitchen cabinets/tops, etch) but the labor part - if getting 3 bids and choosing the mid-level because it "fits" into the budget - how does one know what that budget should be.

I have contacts in the OBX that are currently looking to do deals like that, and I'd be happy to see if it'd be a good fit! 

Talk to the brokers in your area, share your goals and pick the one that would be the best fit.