Preheat oven to 350 deg.
While oven is preheating, bring your sauce pan or dutch oven to med heat on stove and add olive oil. Allow olive oil to warm and add onion, pepper, and garlic. Saute vegetables until onions are translucent.
Add ground beef to the vegetables and cook until no longer pink.
Add salt, pepper and cumin and stir well to combine.
Add Ro-Tel, water, and rice. Stir well.
Add cheese and parsley. Stir well.
Cover and place in oven for 55 minutes or until liquid has been absorbed.
Serve with sour cream, tortilla chips, and hot sauce.