Any advice appreciated ! 1st time home buyer ever !

[Nico Navas]

Just took my entire life savings & purchased an investment property all cash & I purchased under 50% market value . I need to put work into it as it is not renovated . However I immediately had an opportunity to house a tenant as is on a month to month lease. Any recommendations on what I should do next ? I am trying to buy & hold property . I also contracted w / a property management company since I do not live in Florida. Was this a good idea for my first property ? 

[Nico Navas]

Thank you for all the responses i put all of your perspectives into thought and i will be offering my MTM tenant a longer lease or the option to move out so i can get this snowball rolling and BRRRR>>>>onward