Thank you for getting back to me.
Here is an image with the device being recognized. Still no properties.
View attachment 54772
And here is all I get when clicking the Use Presets off:
View attachment 54773
Still nothing even close to the options I have with Windows. The Mac is a Macbook Air so might it have something to do with the graphics card? Also I noticed there are two types of OBS, the original and the studio version. I was thinking of uninstalling and trying to download the studio version. Maybe that would change things. The version I have right now just says OBS.
If you think of anything other work around I would love to hear it.
I am also thinking of checking out some other streaming software for MAC.