Grant,
Welcome to the forum. What screen material do you plan to use? Do you plan to calibrate the projector? These are variables that lower the light output.
If you use a grey material for your screen, you will perceive greater contrast from your projector. Calibrating for accurate color will also affect the lumen output of the projector. You should end up with a nice watchable picture that any starving student would be proud of.
I'm sure others will give you plenty of advice to get you where you want to be. Good luck on your new hobby.
Cheers,