This is exactly CorrectI am still waiting for my power inlet to arrive but should be here tomorrow. But I was really having second thoughts on how I planned to wire everything so I had to do a little more research and ask more questions. With help from @Diamond1 , @ScottBrew , and @Erica-Renee I put together this diagram for hopefully a good visual. I mentioned earlier that I wanted to have some of the outlets stay on if reef-pi was off or powered down but also wanted some outlets to be off if reef-pi was off. Here is a diagram of how I will achieve this.
The green and white wire are all tied together across all the outlets. The black hot wire goes to com (common) and is shared connection across all the relays. Next you will choose either NC (normally closed) or NO (Normally Open) depending on how you want your relay to control the outlet.
In "most cases" the relays we work with for this project have 3 terminals (make sure to read the manufacturers specs to verify) These terminals are usually laid out with Com in the middle, NC on the right, and NO on the left. Like so.
Remember that in reef-pi if you have your relay wired (Normally Closed) you will need to go to the configuration tab, connectors, and switch the pin for the outlet you are controlling to "reverse" so that reef-pi will control it correctly.