You should look up your local HOA rules and regulations. Unfortunately you have to abide by them or face the consequences with them whatever they may be. Are you renting out your whole house or just a room or rooms? You should probably also check your local zoning ordinances and restrictions. Arm yourself with knowledge. Many instances of being reported are racially motivated. While unfortunate, it has certainly been true here in my area.
I hope this helps! I totally understand about the financial part being a huge deal, its the same for me. I am prohibited from renting rignt now as our county is in the process of creating a crap ton of regulations and we are fighting it. I am hoping to be able to rent again in October once they pass something.
Good luck and let me know what happens!