Under the facts you've described you should meet Test 2 because, as you've described matters, your non-rent income does not exceed 10% of your total income, meaning that the excess of your non-rent income, if any, over 10% of your total income equals $0. As such, the sum of the taxable dividends plus the deduction for dividends paid after the end of the year needs to be equal to or greater than $0. Since you paid no dividends, that sum is $0, and since $0 equals $0, you should meet Test 2.
Please keep in mind that I've assumed when you speak of "rent income" you're referring to your net rent income, that is, gross rents less the deductions attributable to that rent. If that is not the case and if the deductions that are allocable to the rental income are substantial, then my conclusion is not valid.
Finally, it would be more prudent if you paid out dividends at least equal to, but preferably a little greater than, the non-rent income.
My answer does not constitute legal advice and may not be relied upon by anyone for any purpose and does not constitute an attorney/client relationship or an offer to form such a relationship. This disclaimer is intended to be fully compliant with the requirements of Treasury Department Circular 230 and the terms thereof are fully incorporated by reference. If you wish to consult with me please contact me at dana@nytaxcounsel or visit my website at www.nytaxcounsel.com
It sounds like you do not have a personal holding company tax problem. However, since you even think you have a PHC problem you should have your return prepared by a licensed tax return preparer. Better yet: hire a CPA.