[hobbsmann]

You played this whole well IMO given the conditions. Axs hands are profitable from any position in loose passive type games such as live 2/4.

As you've said the flop raise is good for a couple of reasons. One you have a strong draw so you have a lot of equity in the pot, albiet you are behind if the hand ends up HU. Second though if the players behind you fold you often times buy yourself a freecard if M checks to you on the turn which is often the case in 2/4.

Come the turn your check is fine, although it could be argued that with the other players still in you will have an equity edge four ways with a pair + FD. Either way.

Since the players behind you have shown no strength at all in the hand you can't assume they will overcall on the river so raising M with two pair is good.