Hearing the reverb says to me that the vocal is successfully getting into cakewalk.
To troubleshoot, i would disable all fx (e key).
If you can hear the vocal prior to starting record, great! Trace the path from studio track to bus. Note the fx and consider disabling them after hitting e to re-enable all.
If you cannot hear the vocal prior to record after disabling fx, go to the audio track, route it directly to your interface. Ensure input echo is on. Click record enable.
Still can't hear it? Check the input gain on the interface. Do you need phantom power enabled on this Mic?
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Once you can hear the vocal, try recording and see if you can hear it. Mute the reverb bus if necessary. Solo the vocal track. Is it working?
If yes prior to record and no while recording, then i understand your frustration, konradh.
Maybe look at your sound on sound vs overwrite setting?
After recording for a bit without hearing it, hit stop and play it back. Can you hear it?
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It sounds like the act of recording is causing the issue. That makes me wonder whether the vocal is set as the input on more than one audio track. One is record enabled and one is not?