Midi Latency

Good Evening team,

Has anyone seen anything like this:

If I open a new project in Cubase 10 and choose instrument and some VST to start a midi insert I experience no noticeable latency. However, if I open any project that has pre-existing tracks and I follow the same process to start a midi insert I do experience latency.

This is odd and I have not been able to figure this one out. Any help is appreciated!

Disable all plugins with a high plugin delay.