I'm folding, our hand is really not that strong with bottom 2 pair. I'm near the middle of my range and expect Co to have all better two pairs, sets and straights in their range, along with combo fd/sd draws.

Yes fold is fine

This is a standard microstakes situation where you beat absolutely nothing villain does this for value with.

Assuming that villain won't be bluffing frequently enough you need to at least beat some of his value range to be able to call profitably before factoring in if you can get him off a better hand down the road.

I agree. Folding is certainly the way to go in this spot.