Would you rather $200k now OR $800/mo cash flow + future sale?

[Pete Perez]

Would you rather have $200k (after taxes) right now, or would you rather have $800/mo cash flow + money from future sale? I am anticipating "Well, it depends on what your goals are" as an answer. I want to know what YOU would prefer? Why? 

I've got one rental property that has $270k in equity and I am considering selling it, because I'd rather have the cash. I'd feel a lot better flipping a house with that much money behind me.