Prevention Of Capital Gains?!?!?!?!?!
After only 2 months, I have compleated my first rehab and it should be back on the market shortly...The mortage is in my name soley as a primary residance, I am also currently looking to find the next rehab for investment as well as another for my residance...How do I effectively move the money to avert capital gains? I have heard as long as I roll it into another primary residance it will be ok....someone just told me that does not make any difference....
Help please 
Are you selling or renting the home??
The rules as I understand it for primary residences....The first 250K (500k for a couple) in gains is exempt from capital gains. This should deal with most people. However you have to live in the house for 2 of the preceding 5 years. Partial exemptions for shorter time frames can be done if you meet certain guidlines (medical reasons or job moving that requires you to move more than a few miles). The last part I am a bit fuzzy on as it does not apply to me. It does not sound like you meet any of these requirements. I hope you kept good records on what was spent. The old roll over rule for buying and selling was gone 10+ years ago and was replaced by the above rules..
You will not be able to roll over as a general rule unless you are doing very few deals over a 5 year period.
Better would be to do one of the following.
Either sell on a 1031 exchange and then make sure you buy something before the time limit.
Alternatively, refinance and hold the property using a L/O.
BTW - This really is something you should take to a different forum.