BMW 530I smell of burning oil when I park what could it be?

Stephanie. Thank you, you are awesome. I took the car to an Indy mechanic and he said the valve cover gasket was leaking badly. Cost of repair $585 (I am in Atlanta Georgia). He said also on the driver side the oil filter housing gasket is oozing a little, but not bad. The estimated cost is $650 so (being short on funds) decided to wait to do that since he said the valve cover gasket was more crucial in terms of safety and also the amount of oil and possible further damage that could result if I didnt fix it.

I am glad you were able to get this taken care of. After this type of repair you may still smell a little bit as it will take a little time to burn off any residual oil and or the cleaning solvents the shop used to clean up the mess. Hopefully they did. I also hope they made sure that the valve cover itself was not warped as if it is it will start to leak again. Kind regards, Stephane.