1031 question- bought all cash

[Eric Hrlbock]

Hi guys.  I bought a house for 80k. Cash.  I put 50 k into it.  I am thinking of selling. 

I am debating if I should 1031.

Here is my question. If I was to sell for 209-239. I would be liable for cap gains tax.  If I 1031. Then do I have to buy something for at least the sale price. 

So what happens to the 130 original money I spent when I sell the new property.