As long as you aren't drilling, cutting, or otherwise making that material airborne, it is considered encapsulated and not much of  risk. 

This week I am meeting with him so he can prepare me for a meeting with the manager of his brokerage next week.I am enrolled in a 90-Hour pre-licensing brokerage course I am financially blessed to have a full-ride at Purdue and spent my first year exploring careers (from PT to Primary Education), and am deliberating switching majors (again...) to secondary education with a focus on business teaching, or switch to a business programI have ~$1500 to my name, but have parental support on rent(I'm sure there are other pertinent factors, but really if you have taken the time to consider what I've laid out, you're already too generous with your time, and I reckon those should give you a gist of my endeavors)Thank you so much for any edification you can give to me, I am in full-blown sponge brain mode right now, and the drive is there, so I know "thank you" is read the same by anyone who writes it, but mine encapsulates a lot of gratitude.

Electrical wiring has been updated, each unit has electric heat paid by the tenants, there is an efficient hot water system that was put in about 5 years ago that provides instant hot water that is in part paid by the tenants.Most of the asbestos has been removed from the building though in a few places it was encapsulated.

There are special paints designed specifically for encapsulating lead based paint but they are pricey.

We now have that unit 'lead encapsulated' which is much cheaper than remediation.

"Encapsulated", meaning in walls and ceilings, is fine when not disturbed. 

This mandate does not all of a sudden make the owner a slum landlord; but is does subject him to court costs and penalties.Will removing loose paint and encapsulating be enough, or will the city require me to actually remove the lead paint?

The spirit and intent of BiggerPackets as a platform is encapsulated in the podcast through Brandon.

@Maria Ferre - Can you encapsulate it?

With larger, commercial. properties (say a 100 unit apartment complex), it also frequently makes sense to encapsulate them in their own business from both an operations, and eventual disposition, perspectives.To decide whether (when when) a holding company makes sense in your personal situation, you would be best served to review your real estate objectives (near and mid term) and your present financial position (income, assets, debts) with an accountant who has real estate experience.Hope this helps a little.