I'd 2nd the motion to pick up something used. I'm not sure you can piece together something new - that's reasonable - for under $500.
I also, highly recommend heading to a shop like Jim-Bows to give you a general overview. I was in a few weeks ago when a fellow dropped in, complaining that he had purchased a bow from Cabela's and they didn't tell him not to dry fire it. Sure enough, as soon as he got home he opened the package, took it to full draw and let it rip.
I'm not saying that you'd do this but it's helpful to have someone help for 30-60 mins.
Otherwise, you might not know what you don't know.
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