All of your money will be gone once you set up a reef. LOL.:D
The reefs are a 55 and a 75 soon to be combined into a 76 bowfront.
Try moving a 450 gallon across the state. 6 people and it was almost impossible to lift into the truck.:D Never gonna go that large again. A 220 is fine now.
If you do set up a reef, Aqua C makes some of the best skimmers on the market and at great prices. The spray injection works 10x better than the venturi and counter current types I used to run and you don't need to worry about them overflowing on you like some types do (that is a PITA).
http://www.proteinskimmer.com/productsnew.htm
Figure a good ball park figure for setting up a reef tank is $25-$30 per gallon, so for example, if you set up the 110 you just bought, it would cost between $2,750 and $3,300 for the live rock, live sand, corals, lighting, pumps, fish, powerheads, and skimmer to get it running.
Then there is the monthly expense such as the supplements and salt mix to keep it running.:D
Reefs are beautiful but man you would not believe the amount of cash I have gone thru over the years.:O
One word of advice.
NEVER get a damsel. No matter how pretty they look, how cheap they are, or how much BS the LFS tries to give you. Damsels are EVIL. Once they are in a reef tank, they are almost impossible to remove without dismantling the tank and they will harrass and attack the other fish. Damsels are EXTREMELY agressive and territorial.
If they got any larger they would make a great white shark look timid. That's how nasty they can be.
They don't call one type "blue devils" for nothing.:D