Flop situation

[Nytecaster]

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I went ahead with a peel. I figure that I've got 4 gutshot outs, about 1 backdoor flush out, and probably a solid 4 overcard outs. Even though my position is somewhat bad with two players behind me, it's not too bad because I don't expect to get raised often by those players. 5:1 with potential loose-passive callers behind me and 9ish outs and it's worth taking a peek at the turn.

PokerStars 1/2 Hold'em (5 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Preflop: Hero is BB with T[img]/images/graemlins/club.gif[/img], 8[img]/images/graemlins/club.gif[/img].
UTG calls, <font color="#666666">1 fold</font>, Button calls, SB completes, Hero checks.

Flop: (4 SB) 6[img]/images/graemlins/spade.gif[/img], 4[img]/images/graemlins/diamond.gif[/img], 5[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">SB bets</font>, Hero calls, UTG calls, Button folds.

Turn: (3.50 BB) 8[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players)</font>
SB checks, Hero...

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Hero should bet, you are likely best. Re-evaluate based on the raiser if there is one. As for the river, I'd probably just check it with so many passive players in the hand.