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I recently posted a similar question on another Reagan signed photo. Mine was likely neither Reagan nor von Damm. However, the RR Auction signature study for Reagan and von Damm was very helpful. I am very much an amateur, but IMO your photo seems closer to what is described in this study as a von Damm secretarial. However, my opinion is not worth much when there are many experts on this forum. Below is a link to the study.
Thanks for the reply! That RR study actually sent me here, given the few red flags it raised (particularly the difference in height from the L to the D.) I am near certain this came directly from the state capital given the fact that it was still in the original mailing envelope and the items provenance. So it being an upright forgery is unlikely, however I am highly suspicious as to it being a Von Damm or other non-malicious secretarial, and I would love to see similar examples any Reagan collectors might have come across!
I believe this to be signed by Von Damm.