These are the last of them.My recommendation is to use a peel and stick roof system.It is very Diy friendly.
Make sure you purchase the base sheet that goes with the cap sheet.Follow the manufacture instructions then when you get 1 course away from the wall and before the pitch break where the flat meets the shingles repost and everyone can walk you through it.
Several courses of shingles will have to be removed so the material can go under the shingles.
Be VERY careful with that asbestos siding.,the material should go behind it too.Asbestos is very toxic.Without soaking your home.,use a spray bottle and wet the siding a little.IMO asbestos is most toxic in the dust form.With that type of siding patience is needed.
I would refrain from an adhesive application.With no experience with the adhesive it can get ugly very quick.
I would also refrain from trying to use torch down for obvious fire hazards.
I would definately stick () with the SBS system.Definately a Diy friendly product that is clean and it adheres on its own with a little pressure.
No tar on your face,neck,arms,hands,legs,elbows,ears or in your hair.No mess on the new material,shingles or on your ladder,driveway,windows,gutters,siding,fascia,carp et,door knobs,vehicles,wife,kids or the family pet.
No 911 calls or visits from the fire department for trying the torchdown route.Torchdown is for professionals and NOT the first time Diy'r.