Hardjeepguy, the smoke came from all the lube on the old bullets, very little odor or smoke comes from properly "smelted" alloy. I do all my "smelting" out doors. I have a large BTU turkey fryer and a cast iron dutch oven pot that melt my wheel weights, plumbers lead and backstop lead in. This operation smokes and stinks but not too bad to ahandle when done outdoors. Stir and flux really well (I use Marvelux flux, others have good results with parafin too) to keep your ingots clean. I use 3 corn bread pans (makes 8 4lb ingots per pan) and a couple of muffin tins (12 1lb ingots per pan).
I try to melt all the same type lead in each batch (ie lead pipe in one batch, backstop in other, wheel weights in other and lynotype is still another) and mark each type so I can add hardness as needed depending on what I'm casting for (low velocity target, higher velocity). I use the mufin tin for the harder stuff so I can add 1 lb at time to my backstop or w/w lead in the casting pot. BTW the 4 pounders fit perfectly in my pot.
Do all the "smelting" out doors and you'll have no smoke or odor issues indoors. I do have an old range hood over my casting area which is vented outside just to be sure though. That's the quickest and least expensive option for venting, perhaps someone you know is re-doing a kitchen and you can pick one up for nothing. Grossmans bargain Outlet often has them with a scratch or dent for a heavily reduced price as well.
One HUGE warning. DO NOT under any circumstance allow water (this includes even 1 drop of sweat!) to drop into your molten alloy. It will EXPLODE with amazing force and deposit molten lead over quite a radius from the pot. We call thia a visit from "The Tinsel Fairy" cause everything will look like it's covered in tinsel. It can cause very serious burns. I use leather goles, apron and face shield while "smelting".
A hugely helpful resource is
www.castboolits.com it has a forum similar to this dedicated to bullet casting. the info available there is amazing.
Good luck and be careful, it's easy to get "hooked" on casting!