Rinse the beans
Fill the pot a little than half way with water
Add the beans to the pot with water then add the olive oil
Put the lid on the instant pot then turn your instant pot on. Press manual and set for 60 minutes.
While the beans are cooking start on the red Chile. Get a sauce pan put red chile in the pan and put the stove to medium heat.
Let chile cook for about 15 minutes
Once the beans are done, take the lid off and then had some salt to the beans
Add some Frito's in a bowl, following with some beans, Chile, and shredded cheese
Can also top it off with some tomatoes, onions, lettuce or anything of your choice
Enjoy!