New Schwinn 700c (bike in a box) assembly I just got my bike delivered and having more difficulty than I thought putting it together.

After buying proper tools it should be okay. Aside from set up tips, does the suggestion about like lubrication for set up a must?

I cannot find any.
As stated in comments grease the pedals and seat post to prevent them from seizing.  Quill stem you might grease.

The bearings should come lubricated.

Pretty much any grease (except computer).  Bicycle grease is more for bearings but you could use it. If you are going to buy some just get general purpose grease.  

Tip pedals are right and left.