Where is the Delay node?
I can find Set Delay but no Delay as in this graph.
This is a macro and the delay is the node with the word delay 
Possibly deprecated in 4.27?
Using Task Wait Delay.
Not sure what to use for Task Owner. Error saying it must have a connection.
Do this directly in the LB. Is the node there?
Not everything supports latent actions - functions don’t. Blueprints are context sensitive - not all nodes are available everywhere. This prevents you from performing actions that make little sense in that particular situation.
E.g., you can’t get the Player Controller in drag OP:
Perhaps consider sharing what you’re trying to accomplish. Which Delay node are you after in the end?
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Macro needs to be of “Actor” class to get delay node.