I failed to renew my domain and therefore lost it. I paid the fee to get it back and now I am a little lost about the next step. Will I need to wait a few days and then get a notice about if godaddy was able to get my domain back and then get all up and running again? I have gotten a "welcome to godaddy" email but it doens confirm my purchage or says if and how I should renew my ungoing account.
Is your hosting for that domain still paid for and active? If so then you should go into your hosting and assign your domain to that hosting afresh.
Goes without saying to make backups before making changes.
If your hosting also expired with your domain, renewing your domain doesn't bring back the content unfortunately. There is a very small time window where support can help you.