Add oil to your pot, and gently fry your onions and diced potatoes until light golden brown on all sides
Season with salt as needed
Add in your breakfast sausage, and cook until no pink is showing
Add in your butter, taco seasoning, can of Rotel, liquid smoke and cook down for about 5 minutes
Stirring often
Add water as needed to deglaze your pan
Add in your Velveeta cheese, and heavy whipping cream and stir until the cheese is melted
Before serving add in bacon bits
Or garnish with them after serving
Top it off with dried parsley flakes