If you want a red tail i would keep it on its own as they will try to eat fish far too large for them to swallow and this can cause problems and potentially kill them.
tank mates are possible until the 2ft stage but past that most aquarium fish are dinner for a rtc.
your dempseys will be at risk as the redtail will outgrow them rapidly in six months.
i had my red tail in a 8 x 3 x3 tank util he was 30" then i transferred him to a tropical pond.
Try and start with a big tank as moving large fish is difficult and requires skill, strength and is risky as the stress can kill them, and be prepared to get soaked, when moving a rtc it soaked me with one swipe of its tail and i was drenched, it was amusing for my family who were watching but not for me.
a 3" rtc will grow at 2" a month until 12" the slow a bit. mine was 4 " when i got it and it was 18" in year.
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re: aggressive oscars , they can be really nasty fish sometimes but others are quite docile, i have a super agressive one that is housed alone but my other two are quite peacefull and housed with other cichlids.
your oscar may pick on your red tail when its young but the rtc will probably cope and get its revenge one day when the oscar becomes dinner
