Asbestos siding on a a fourplex- should I buy?

[Hamidou Keita]

I am under contract for a fourplex that has asbestos siding. I noticed on Zillow that asbestos was listed as a building material, but I didn't pay attention to it until my insurance agent mentioned it. The property appears to have been recently renovated, with a new roof installed in 2020, and the exterior was recently painted according to Google Street View. It meets the 1% rule and is fully occupied. Should I pull out of this deal because of the asbestos? What would you recommend for a first-time buyer?