First you need to clarify what you needs and expectations are for the 1911. If it is for duty/CCW/HD then read here www.10-8performance.com and decide if the 1911 is the right platform for you. If you are wanting to carry a 45 ACP for any of these roles but you don't want to dive in to the deeper end of the 1911 options, then I would strongly suggest a M&P45 FS or midsize with the Apex DCAEK, Warren or Ameriglo sights, and a good stippling job.
If you want it for a range/fun gun then a base Springfield or Colt is a good option. They are also great guns for custom builds once you've found what modifications you need and work for you. I would recommend the Springfield Custom Shop for a faster turn around time. They do great work and their turn around time is a little faster than some of the more sought after 1911 smiths due to their huge work load.
You get what you pay for in a 1911, and yes you can find sub 1k 1911's that run, but they are fewer and further between than your higher end semi-customs or full custom builds.
I own many 1911's in different flavors for different things. I have some that I carried on duty and will run like a G19 but I paid to get them there. I have others that are for competition and range fun. I love the 1911 platform more than any other but when it comes time to hit the streets and deal with the shit heads I'm carrying a M&P40. YMMV.
Only hits count......you can not miss fast enough to catch up
"I'm just a one man army waging jihad against shitty ARs, one rifle at a time." Will Larson (IraqGunz) I miss you my friend
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