No it actually is better to have a property in a state that closely matches your state of residence's income tax if all else is equal. 

I’m asking if we were to decide on this first property that we don’t want to set up an LLC, is there any sort of additional partnership agreements to be made beyond the joint loan between us being of equal contribution?

Per the owners P&L, these two expenses together equal $1800/month. 

I’m an 18 year old senior in high school who is just about to graduate. I have two options in mind. I can either go to college and get my associates degree for some type of trade/skill or, hop right into work, save mo...

But that she is unsure how to equalize it or show a personal loss between the $250k contract cost and $375k value of the equitable rights as they are not in the same entity, and as I don’t own the property, she doesn’t know how to put a value on the contract for tax purposes.

I have received net cash equal to the down payment and all the equity would be additional profit.

If there are two tenants renting from me that aren't married, I try to make sure at least one of them meets that standard on their own for situations such  as this.3) My lease states that all tenants are equally responsible for the entire rent, not that each tenant is responsible for half etc.

This being said—- there are some (actually many) who simply do not believe that you are equal to them because you are simply a woman in the Rehab/Construction space especially.

A high school equivalency, GED, and standard high school diploma are all equally counted.

The total value for the 3 replacement properties have satisfied my 'equal and up' requirement under a 1031 exchange.