If you are looking to earn rental income from a second or third house, here is a rundown of what you should know before settling in the rent.   The land has consistently been a profitable investment option. Many people will invest in a second or third home in order to earn rental income. Here’s what you need to know about the risks associated with leasing your property.   Low rental yield Rental lodging profits are not high. “In many urban neighborhoods, the yield is just 2-3 percent,” says  MD of Qubrex, a property consultancy firm in Gurgaon. However, on the plus side, rental returns are expansion balanced. Unless there…