I rarely play short handed except in SnG's so I would like some feedback. My $10 - 10 player table on UB was falling apart and was down to 5 players when this hand came up.

I'm on the button with and all limp to me. I raised to .35 and got three callers.

Flop came so I have second pair and nut flush draw. The pot is about $1.50. All check to me and I bet $1.00.

All folded.

My question is: Did I bet too much and lose some money here or was it best just to take it down on the flop and move on. In a trny situation I would be happy to just rake the pot and move on - I hate to go to showdown and risk getting sucked out. But it seems to me in a ring game it is more profitable to milk some of these hands. What would you guys that specialize in short handed play do in this situation?

I think I would have bet the flop the same way. Your bet was only 2/3 of the pot so it should scare too many people away (at that level). Maybe only 1/2 might have been better.
If someone had an ace, you probably get called. If someone has a flush draw, you probably get called (this is your best scenario). My guess is no one had anything so great, you take it down by leading.

You're a slight favourite over anyone who has made top pair, betting it is always right, no matter how you improve it's not massively obvious.

After all, better to take it down there than have someone call you down with top pair and you fail to improve. At this level you have to think an 'any ace' player will have limped in if they had one.

Molina