If you're running the Remote Debugger Monitor on the remote computer as an application and you still get this error, you can resolve the problem by using RunAs to launch the msvsmon.exe on the remote machine as a user that has access to the local machine (you can use a domain user if you do DOMAIN\USERNAME):
C:\Windows\System32\runas.exe /noprofile /netonly /user:{USER_WITH_ACCESS_TO_LOCAL_MACHINE} msvsmon.exe