whisk together the water through the smoke flavoring (if using) in the inner pot of the Instant Pot
add beans and bacon, stir to combine
lock on the lid, set the vent
press beans button and increase time to 60 minutes
the Instant Pot will beep and begin it's cycle -OR- press manual, set pressure to high, set time to 60
once it's finished let it naturally vent for 15 minutes or you'll blow bean foam everywhere (TRUST ME ON THIS!)
carefully vent after 15 minutes
stir and taste for salt, add as needed
if they still seem a little runny or your beans are not cooked through set the pot to saute and let them cook off a little but do keep an eye on them as they will stick and burn if let unattended!
you can set the pot to keep warm and the'll be ready to eat whenever you are