It may be time-consuming, but if you do your research and confirm there are no challenges, you can proceed confidently.

Swapping one breaker takes modest time (15 to 30 minutes if no unexpected issues including time to identify the circuit), but swapping additional circuits at the same time requires very little additional time (probably less than 5 minutes each).If AFCI breakers does not meet code, The possible solution could be as simple as installing a GFI on each circuit.  

So it’s not that it’s time consuming.

Get as close to the truth as legal in your state and clarify that you're not a huge capital group coming to town to slum lord the entire city, you're a hard-working guy trying to break out of the 9 to 5 (if that's legal to disclose) and being able to turn a modest income on a rental would be a vital step toward that dream of financial freedom. 

In all 50 metro areas, home price growth kept up with the 22.7% increase in consumer price index inflation in the most recent five years, and in many markets, home price growth far outpaced inflation.

The 2 biggest things that helped me jump in RE investing were:1- Consume as much information and knowledge as possible.

Selling costs will consume about 50%.  

It can be expensive, and time consuming.

Building roads and extending utilities comes after a lot of other expensive and time-consuming work.

Using loan proceeds to purchase another primary residence is considered consumer purpose and would not fall within DSCR guidelines.