Asbestos Pipe Insullation

[Brad Ratushny]

I was hoping to get some opinions on how I should feel regarding Asbestos pipe wrapping in the basement of a building I am considering.  I have concerns about both what it will mean for managing the building as well as resale down the road.  

Is abatement with plastic wrap sufficient?  Should it be removed?  Since it is not torn and in nice shape should I let a sleeping dog lie?

Estimated costs would be very helpful.

Thanks for any help in advance.  It's great having the BP community to turn to.