RE: Newbie Question!!
I agree that you don't need a $700 bow to start off with. You may end up w/ $700 when everything is said and done. That includes sights, arrows, rest, broadheads, quiver, etc.
Not sure how you rifle hunt but you may also be in the market for camoflauge, treestands, scents, etc.
Best advice is go to a good proshop and have them walk you through everything. Try shooting a few bows and see what feels good to you. They should measure your drwlength and set you straight.