The siding is asbestus??

[Michael Faudoa]

I didn't know what topic this should go under, I just had an interesting problem that I would love some feedback on. 

I am looking at a triplex in South Carolina that I want to use as either a BRRRR or just a plain rental. It is an off market deal, and when the owner sent me more details, one of the bullet points read: "The siding is asbestus but the house just got completely repainted and it is sealed."

Is this a big deal? Should I run for the hills? Or should I take action and look further into the deal to see if it's good enough?