Re: treading lightly....
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Preflop is fairly significantly -EV at best I know.
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But whatever.
Flop is okay, but I would probably fold it, a decent amount, as well. Once SB calls, you have to worry about the flush, as well as being outkicked.
Turn is fine.
You have to bet the river. There are several hands that could pay you off (Kx from BT, Qx from SB). I wouldn't be worried at all about the flush, and the straight is barely a concern.
Paying off a raise is fairly marginal, though.
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