Does this look like ringworm to any of you? I know the "ring" isn't clearly defined yet but just want to be sure to treat it early so it doesn't get too itchy/bad for baby. The white part in the center is a bit scaly/paper-like to touch compared to the rest of her skin

Ring worm is a type of skin infection cause by fungus and it's very common among kids especially if you have pets. You can buy antifungal cream for baby over-the-counter. However, if her skin does not improve after applying the cream, you will need to seek medical advice as it may not be ring worm.