Actually, while the loan is in the LLC's name, the three of us have signed personal guarantees.

If you DO want to own and manage multi-units, in or out of state, I would say find a market, a screaming deal, and I guarantee the money to fund it will come easily.

Does your lease guarantee these connections?

Many loans will also require a personal guarantee by some/all members. 

Also, how would someone out of state be able to guarantee the property gets rented out in a reasonable time frame?

After saying all that, my biggest concern would be that when she is off of Sec 8, you would no longer get guaranteed rent payments or guaranteed repair to your rental in the event of damages.

They commit to furnishing a tremendous amount of work, and what guarantee do they have that the client can/will pay? 

The owner signed a personal guarantee, to accompany the lease. 

For an LLC, you must personally guarantee the loan, which at first, I thought, fine, that makes sense.

No banks, no appraisal, no junk fees, no personal guarantees, and (generally) non-recourse financing.Certainly, this strategy isn't ideal everywhere, but if you're in most of the South and Texas, this is going to be where the action is for a whole bunch of investors for a good long while.Also, from the buyer's perspective, wholesaling is entirely a marketing innovation.