My brother and I have the Viewsonic PRO8200.

I use a Favi 120" white screen, and my brother just uses a smooth white wall.

The projector works fantastic for us. We have used the PRO8300 at church, where the environment is much brighter, and it works well too.

We have both used our projectors for a LOT of hours, and we are both on the original bulb.

Well within your budget, and when with an HD signal provides a fantastic image.