You've already gotten your feet wet with house hacking and that's a win in my book!

Base boards are pink and so wet that they are separating from the walls.

I thought of wholesaling as a way to get my feet wet and to build capital without having to use my own money.

If there is a leak, the first thing that should be done is to cut a hole in the drywall or plywood to get the wet materials out. 

Maybe see if  you can partner with someone and take a small share of the profit to get your feet wet

I have family in the Chicagoland area and looking into the Milwaukee area because it seems to be fast growing and I'd like to get my feet wet.

Reason is the property has been maintained, it has a tenant and cash flowing and it's a good way to get your feet wet without starting from square one, and you may walk into a situation where you have equity.

yours is small enough, perfect for you to get your feet wet!  

A couple of things to add to your "to do" list depending how long ago it got wet and how long it stayed wet.

I plan to do it eventually, but not until I get my feet wet.