1031 exchange to new rental, DST, TIC or cash out?

[Matt Klee]

I am selling a rental property in Virginia and am deciding whether to cash out or to defer capital gains of around $220,000. This is the first time selling a rental property where I will have to pay capital gains. I am looking a 1031 exchange to either buying another rental property in Florida, a Delaware Statutory Trust or a Tenants in Common investment. The property recently had $25,000 in upgrades and repairs. My question is, assuming  part of the capital gains will be offset by closing costs and $25,000 in repairs, is it better for me to cash out and invest that money somewhere else or go the 1031 route? How do I calculate which option is best for me?