> What are the implications of using Monero deamon on a remote host with a local wallet?
None, except that you're talking to it over an open channel at this stage
> Are there any security issues?
No auth, no SSL (at this stage), but if you can lock it to a client IP address that's as good as golden (although the traffic is unencrypted)
> Can the deamon handle multiple wallets?
Yes
> What kind of bandwidth will be required?
A reasonable amount during catch-up, raw blocks are passed to the wallet.