Real Estate Law
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Was there any rule in place when you bought that said you couldn't rent the property out?
Did you review the Bylaws and CCRs to make sure that nothing was in place preventing rentals before you purchased?
Have they since changed the rules and had the members vote on preventing rentals?
Ok, if there were no ruled in place when you bought that prevented rentals, then if they haven't passed a new rule that does prevent them, they can't stop you from renting..
They could impose a new rule if they put it to a vote of all the members to prohibit renting, but they would have a hard time applying it to current owners because the owners could sue and claim that it diminished the value of their property. Normally, when these type of rules are put in place, they exempt current owners and only apply to future owners to prevent them from renting.