"I believe I will need a tank I can let the fish grow out in, I am debating on the 150 gal rubbermaid tank with 3 (50 gallon) of the rubber maids for the grow beds. Prolly have under $1000 in a system like that and enough room to grow out 50 fish or so.

Anyway thanks for all your help guys. Any thoughts on my fish and their life cycles here would be appreciated, I do not think it will be ok for all of these guys to stay in this 40 gallon tank."

Bet you can build that for less than a 1000.00....The 40 gal tank would be ok I think for a breeder tank.
I was thinking of tying 3 100 or 150 gal rubbermaid stock (fish) tanks together with proper amount of grow beds. And starting with 25 to 35 fish in one tank and adding 25 to 35 in the next tank three months later and so on. Harvest 9 month old fish every three months. I don't want to grow more than we can eat and have it all ready to harvest at one time. What do you guys think. see any problems with that idea?