I agree, the first thing to do is lock in your accommodations as soon as possible. Places not only fill up early, but the rates go up the closer it gets to Dream Weekend and Independence. Check out the map and look into places mid way on the beach. This is so you can walk to most venues and not rely on public transportation (do not stay on the cliffs). Taxi rates are higher during this time because of having to sit in traffic and making less trips. Traffic will be bumper to bumper when the nightly event ends. To me, that was the BEST time to walk the road. Non-stop action and the opportunity to grab a huge cup of soup on the way to the room.

If you and your group are into the serious party scene, then you will be in the right place come August.