We were helping a friend renovate a house which had been home to a heavy smoker: one room was so bad - owner had smoked in the same chair for 30 years - that we had to replace the sheet rock on the walls and ceiling.There have been some studies in the past few years showing that the chemicals from cigarette smoke, even when encapsulated with paint, eventually come to the surface exposing future residents, in particular young children.  

It goes to whether people want to do the work and learn or whether they want to ask someone how they did it over 20 years, but please encapsulate that into a 1 minute TikTok video so I can start scaling tomorrow.

BTW the house is on a crawlspace, not encapsulated but not soaking wet either. 

If you know where the asbestos is, the cheapest safe solution is often to encapsulate it.  

They recommend wrapping (encapsulating) the insulation.

Mold remediation is addressing the moisture problem, paint over any discolored areas with Killz and put fresh paint in your color over the encapsulant.

Considering your facility will cater to a wide range of storage needs, including RV/boat storage, semi-truck parking, container storage, and contractor yards, the name should encapsulate the comprehensive nature of your services.

Painting over (encapsulating) the old siding will look a lot better.

The practicality of doing this on your site varies depending on how encapsulated the site is by the floodplain and if there is enough space to build it up with dirt, etc. 

New siding shingles can be purchased that are made of non-asbestos material to replace any original ones that are damaged and they are easy to paint - we do that for cosmetic purposes but we don't replace or encapsulate the entire house.That said, I would talk to your Realtor to determine if there are any Michigan-specific rules/regs regarding asbestos siding.