Congrats. I have one just like it. It just keeps on going boom when you pull the trigger. Never had a round of any kind hang in it.
I did buy a pair of wood grips, didn't like the feel of the plastic ones. I took some latex flat black paint and rubbed on the wood so you get the black color but can see the grain then sealed with a rub on polyurethane. Looks much better!
Damnit guys... I'm just about to get my vehicle paid off and I was seriously considering *not* blowing that next "freedom" check on a firearm... It only took about 4 seconds for you jackals to crush my resolve!
There are some great lower end 1911s out there. Rock Island Armory is one such firearm. Auto Ordnance is another. S&W has some great entry level 1911s too.
Do some research and keep your eyes open.... there are good guns at good prices to be be had.