Hey there! Don't forget about audio! Even the best picture won't save you if you can't hear the movie over neighborhood noise. Consider setting aside some budget for a decent outdoor speaker system too. As for the projectors, the Optoma HZ40HDR is top-notch, but if it stretches your budget too much, the Epson Pro EX7280 is a solid runner-up. Both are good projectors for daylight viewing, but the Optoma has an edge with its laser light source.