RIA GI from someplace like Sarco. It is *slightly* over $300, but well worth the extra $25 for a nice entry level 1911. Its hard not to go $395 for the tactical though. I took my RIA Tactical out yesterday for the first time. One FTF on the last round out of 75 rounds (all my reloads) shot is not bad.
Makarov
My HiPoint .40 S&W ($140) shoots great (and I mean goes bang every time). I have had absolutely no jams or malfunctions at all in the last 500 rounds, and I can shoot this thing better than any of my other big guns (i.e. bigger than .22lr). OTOH, I had a bad outing with the HiPoint C9 yesterday, and am ready to send it back to the factory. For me, the HiPoints are hit or miss. I got lucky with one, the other is a jamomatic.
A Ruger MKII/III or Browning Buck Mark. I just bought a used Buck Mark for $200, upgraded to a stainless steel barrel for a net $10 (new barrel $50, sold old barrel for $40) , and the thing shoots like you wouldn't believe. I can put 10 rounds on target in a 4" circle at 75 feet. I am a mediocre shooter at best. For me, a 4" group of 10 at 75 feet is great.With this Buck Mark, I can do it every time.