Once you select "Add text" tool in Edit PDF, you get the "Format" option on tool pane at right.
There you can find option to change size, style and square black box to change color .
You did not answer the question. Yes the options do come up in the tool pane on the right. However like nycpa I want to change the default settings and not have to select each option EVERY time I want to add text.
After you make the changes to the text you added select it using the Select Object tool, right-click it, select Properties and then tick the "Make Properties Default" box.
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The "Add Text" tool (Tools>Edit PDF>Add Text) is not the same as the typewriter tool in Acrobat X. It's the same tool as the Tools>Edit Text&Obects>Edit Document Text while holding down the Ctrl or Option key. It will create static PDF text, whereas the typewriter tool created a text annotation. You can do that by selecting Tools>Comment>Text. This will allow you to save the settings you applied to one text annotation as the default for all text annotations you create from now on. To do that, select the annotation in the list of annotations and right-click on it, then select "Properties" from the menu:
On the dialog that pops up, select to make the current properties the default:
When you now create new text annotations, they will use the color and font/font size that you specified as the default.
Thank you Karl, it works!
Thanks that is what I was looking for! I knew the options had to be in there someplace.