RepairPal Certified shops can diagnose and repair your 2003 Chevrolet Suburban 1500. They provide transparent pricing with a minimum 12-month or 12,000-mile warranty on repairs and services.
Check that side wheel bearing. It may be burning up and causing issues with the wheel speed sensor. The oil burning smell could be grease or engine oil from an unrelated leak.Use this link to find a good shop near you.
https://repairpal.com/repair-shops
Alex