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Turn your Instant Pot to saute and add the olive oil.
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Add the red peppers and onions and cook until onions are start to become translucent.
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Add your ground beef and cook until browned, then drain any excess liquid. BE CAREFUL, the pot is very hot.
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After you drain the meat, add all remaining ingredients. Place the lid on your InstantPot and select the Chili or Manual setting for 18 minutes.
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While your chili is cooking, start mashing your avocados in a small bowl until it’s a smooth cream. Once your avocado is smooth, stir in the remaining crema ingredients.
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Once pressure cooking is done, let it naturally release for 15 minutes.
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Serve chili hot topped with your crema and tortilla strips.