Combine beef, onion, garlic, chipotles, beef broth, salt, bay leaves, oregano, cumin, and pepper in the Instant Pot.
Seal the lid and select high pressure for 1 hour. It will take about 15 minutes for the Instant Pot to heat before it begins cooking.
Once the time is up let the Instant Pot naturally release for at least 10 minutes then you can manually release the rest of the pressure or continue to let it naturally release.
Remove beef with tongs to a large plate or baking sheet and shred into bite-sized pieces. Return to the pot with the juices to keep warm.
Serve with warm tortillas, your favorite salsa, fresh cilantro, pickled red onions, and avocado.