I would suggest the north end of the Dunbar area between Blanca and Dunbar north of 16th Ave. Slightly cheaper and a better home. The cheapest homes in the Kits and Pt. Grey areas are already at the $900k range for a fixer, and parking is atrocious.
Look in the winter months, few people are willing to look at homes and those that come up for sale are motivated to unload their property, in my experience. Though each situation is different, I would grind the seller/agent to see how motivated they are to sell anyways.
"Harvey Belafonte ain't black. He's just a good looking white guy dipped in caramel. " - Archie Bunker