I told him that it takes 24 hours, or one full business day, so he is on pins and needles likely stalking his account balance today, and I have so far ignored his requests for a receipt "for his records".I have talked to the local police (here) who can't do anything since I didn't transfer funds. 

I have a very specific cross-border (Canada-US) question regarding transferring assets from one bank account to another and the financial implications, if any.Thanks!

Cash-out is wire transfer or a check written out to you based on your equity.

As @Bernard Reisz mentioned, there is a fairly wide range of pricing in the industry.Keep in mind, you can setup a Solo 401k for a side business and transfer in existing retirement funds, even if the side business does not generate as much income as your W2 job.

My friend is moving in the next couple of month and was hoping to sell the trailer and go on a small vacation with the money.He just found out that the person who was appointed to transfer the sale to my friends name never did and he even apparently lost the contract that he the church and the previous owner had made.  

A short background - I bought this property in 2016 and transferred it from my name to an LLC last year.

One of the items is a small loan from a lender that went out of business in 2017, and I couldn't find either a release or transfer.

Here's where I think you need to engage an asset-protection lawyer for the best course of action.BTW: Fannie Mae explicitly allows an owner to transfer title to a LLC w/o triggering the due-on-sale clause.

This deed transfers ownership without regard to outstanding liens other than what an attorney would call the 'instant case' (the law suit and legal action enabling the Commissioner's deed itself), so hopefully you had a paralegal look over your work if you couldn't or don't know how to research the chain of title. 

In either case, you should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).