Live in flips after 2 years- no capital gains

[Austin Shandley]

My wife and I lived in our first house for 3 years, renovated the house and sold for a nice profit. We moved into a nicer house 3/2 with an unfinished basement. We finished the basement adding another bedroom, full bathroom and living space.

My question is, am I crazy for wanting to sell and keep doing live in rehabs over a 2 year period to keep from paying capital gains.

My thought was to move into a less expensive house rehab, save money and then hopefully have enough money to buy our dream home when the market turns to a buyers market. Or is this wishful thinking trying to time the market?