I use a modified version of Snowbum's "shake the wheel" method.
Using all the good info you already have - remove the old out races - use the old ones to drive the new ones in. It's nice to have the proper tools for dealing with bearings, but most home mechanics (justifyably) baulk at the price. BUT, check ebay, Banggood, aliexpress etc as the same tools are available at fractional cost.
Grease the new bearings thoroughly - there are Youtube videos on how to do this and it is important.
Making sure all the internal spacers, wedding bands etc are in place, put the new bearings into the wheel, followed by seals, spacers etc. Do not omit a generous swipe of grease on the outer races.
Making sure not to move the wheel, tighten the axle nut to around 30ft/lb, chances are you will see/feel the outer races seat properly. It is important that you do not try to rotate the wheel while doing this as that would risk damaging the bearings, but applying a little pressure whilst they remain still is unlikely to do so.
Loosen the axle nut.
Spin the wheel and then stop and "shake" it to feel for movement in the bearings - if there is none, loosen the axle nit more.
Once you have some movement, steadily tighten the axle nut, stopping each increment to spin and shake the wheel - do so until all movement is JUST eliminated.
At this point, providing that the lubrication didn't get contaminated, those bearings would probably do several trips to the moon and back.
But, your muscle memory will tell to how much torque was on the axle nut - if it was an amount that leaves you with a concern that the nut might undo - apply a little more torque (say 1/4 of a turn) and use some Loctite.
The bearings will now probably only last one trip to the moon and back because they are technically over-tensioned, but I wouldn't worry too much. BMW makes a meal of chronically overtightening everything these days.
Ok, what if no amount of torque on the axle nut eliminated all bearing movement. Well then you are going to be grinding your wedding band (or buying a narrower one if your LBS has such things).
If grinding your own, remember that a little is a lot and try to take metal off on about .010 in increments - that is a joke, without an investment in machine tools and measuring equipment you cannot be that accurate - I would carefully clamp the band in a vice and give it a wipe with a bastard file until the nice new shiny metal was visible all round the band.
Put it all back together and as soon as you have removed enough material from the band to allow setting up of reasonable preload - stop.
More sensible bikes use roller bearings in wheels - they will not last as long but the new bearings in my K100 wheel took me all of 10 minutes to fit.
A hot air gun is your best friend for pre-heating wheels, just as quick as a torch without all those nasty naked flame risks.