Hi Apurva,53 units -- It would be smart to talk to an Architect who does multi-family (In your general area) about the cost of doing a restyle as well as colors.Especially if you choose a Hardie (Fiber Cement type) product.With Hardie (Type) products, read the upkeep instructions, some require re-applying the joint sealers (factor that into your maintenance budget).Also with Hardie (Type) products there is a service life to the color...some come pre-colored, some your contractors must paint on site, (some require priming of cuts when installed)---talk to the Architect about the maintenance schedule and the CAPEX for this.Hardie makes big sheets of this for multi-family that Architects can use for visual effect and ease of installation.With 53 units--springing for an Architect to help with this would be intelligent.Good Luck!

Spray bottle with 1/4 vinegar and water- light spray wipe all the walls and rinse with clean damp micro-fiber rags (ring out hard) rinse with plain water.

If you're determined to use concrete, ensure either you or your installer is using fiber reinforcing or wire mesh reinforcing.

These sites say removing it also requires disrupting it, and even asbestos certified professionals are likely to still allow small amounts of asbestos fibers to escape. 

Once asbestos is breathed into your lungs it goes through the tiny fibers in your lungs and remains 

Literally the entire paper backing of the flooring is 100% asbestos fibers bound by latex.

NOw the special part you didn't expect:In September I order fiber cable to my apartment and was installed with her permission.

 $2mm for concrete roads, $1mm for water sewer,  $1mm for underground electrical and fiber, landscaping $200,000, signage advertising $40,000, realtor 7%, now do 3 acre footprint of buildings $20,000,000, add on interest of $3mm over the life of the project,  engineering $500,000, surveyors $100,000, permits $200,000, dirtwork $200,000, etc etc  With the above cost and exposure unless you have a background in this no one will loan you the moneyLet’s say there are 150 units.  

The worst that could happen is the tenant refuses to pay, you end up in court, and the judge throws out your claim for some obscure reason or because he doesn't have enough fiber in his life. 

The stove was an older one with a fiber insulation.