I know it seems daunting at first, but really it's not too bad. I'm working on my 7th and 8th toons right now and this is what I've learned:
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Doing all of this I can get an alt up to 850ish ilvl, with 35 traits within a week or two depending on how much time I want to invest. The ONLY thing I wish they'd change is the rep requirements for Suramar. I think that should be reduced/removed for alts if completed on a main. I hope this helps a little and makes it a little less daunting.