Other options include executive centers or virtual office arrangements, where you can establish a corporate identity without needing to physically rent space in the premises. However, you'll want to look carefully at the no home business restrictions of your homeowners association (HOA).
Generally, the concern about home businesses is one of safety and liability. There would be a lot of people coming in and out of the premises who aren't residents, haven't been vetted and increase the probability of risk and accident.
Will this be a factor in your business? Even if not, you are bound by the HOA rules. To be on the safe side, you may want to speak to an attorney to get clear guidance on whether you can have a home business altogether and, if so, what kind.
Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.