I used to have breeding pairs of paradise fish spawn in my rain barrels. I'd toss a pair in the rain barrel in spring, and halfway thru summer pull out lots of juvies.
Because they are bubble nesters, and in nature come from fairly stagnant waters, you won't need lots of aeration. In fact too musch can be bad for the bubble nests.
What you will need is lots of semi-microscopic food, this is why the rain barrels worked well for me, they were choked with algae and its accompanying biota, and I would add daphnia cultures as the fish grew, along with the mosquito larvae that naturally showed up, so provided constant grazing.
They can be aggressive so growing them out in jars where water is partially changed daily also worked for me when winter set in.
I don't know how sensitive the reds are, but my common Macropodus never needed heat, and easily took temps down into the 50sF.