In a 12-inch cast iron skillet or other large skillet, cook the chorizo until crumbly and cooked through. Remove from skillet with a slotted spoon and place on a plate covered with paper towels.
In the same pan saute the onion and red pepper until tender. Remove from skillet and set aside.
Add about 1 tablespoon olive oil to pan and cook the potatoes until browned and fork tender. Add the chorizo, onion, red pepper and eggs back to the skillet and stir to combine. Top with chopped parsley.
If it were up to me, I would add the hot sauce directly into the breakfast skillet, but not everyone in my family shares my appreciation for hot sauce. It was nice having the variety of hot sauces available, so that everyone could choose their favorite.