You will need to do 2 water changes a day (minimum) to keep ammonia and nitrites below 0.25ppm. I would drain the water down until it is barely above the top of the oscar. I would remove the gravel to increase the amount of water in the tank. You need Seachem Prime or Kordon Amquel Plus. Prime is cheaper in the long run.
See if Craigslist has any cheap tanks.
See if Craigslist has any cheap tanks.
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