Asbestos siding question?

[Jason S]

I am new here so I apologize in advance if I posted in the wrong forum. I have a rental property that was built in 1951 and still has the asbestos siding on it. My question is: can I put vinyl siding over it or does it need to removed first? There is no damage to the asbestos that I can see. However, it is in need of painting. I plan on holding onto this property long term and didn't know if it would be cost efficient to put vinyl siding up or just paint it? I know that cost will vary from contractor to contractor and state to state. But has anyone had any experience with asbestos that can give me a ballpark on cost of putting vinyl siding up. The home is small (approx 800 SF). Please let me know what additional information is needed for a valid response. And thanks in advance for anyone that takes time to give me any advice.