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This issue should be resolved soon. In the meantime here is some more information:
The issue is limited to A and AAAA records. If you need to set one right now you can either:
The second method will only work for resources already in your account.
I had a similar error today:
Select resource or enter custom IP cannot be blank
Turned out there was a leading space in my IP address from when I copied and pasted. As soon as I trimmed it, the error went away.
In case this trips up someone else.