rehab sell reinvest profits?

[Joey B.]

Have a question I can't find an answer to. I just bought a house that I am planning to rehab and sell and hopefully profit enough to pay cash for another with those profits and then rent the second one. This is not my residence. I am wondering if I can avoid capital gains by reinvesting the money in a "like kind trade" by buying a house with this money and then renting it out. (so I can pay cash for it to avoid a bank loan)

Thanks.