There is a misconception that investing is simply mailbox money.

As I stated, I was under the misconception that I needed money to start investing so I have saved a good chunk of money through the years and now ready to dive in. hope to hear from someone willing to give advice, thanks in advance ;)

A common misconception of consumers is that the "amount owed" or the mortgage remaining on a property has any relation to the amount it sells for.

As I just advised a friend of mine, "Waiving the financial contingency doesn't mean you can't have a loan (a common misconception)...it means you have to either a) have the cash if the loan doesn't come through in time and/or b) be prepared to lose earnest money if your bank doesn't execute."

"The reason for leases is so that you dont have a vacancy in the middle of winter"This is the misconception that landlords operate under when they use term leases.

Developers are dealers; unless of course they develop to hold which is rare.The misconception in some of the responses to this post is that if you are small-time you are not worthy of the investor status.

@Karl B.A common misconception is that you can leave blue tape on the walls for days.

A common misconception by would be commercial property investors is that they can enter the arena with little or no money. 

Try looking at: The Most Common Misconceptions of Investing in Real Estate

I asked this to someone on BP privately and it seems to be a common misconception, oft repeated that you can't charge your own time.You can charge your time but make sure it's reasonable.