Prick potatoes with fork; place in microwave; microwave until fork tender, 4 to 5 minutes; cool; cut in 1-inch pieces.
In large skillet, heat oil over medium-high heat; add potatoes,onion and red pepper; cook, stirring occasionally, until onion is tender, 5 to 7 minutes. Turn up heat stir until potatoes are light brown,Stir in salt, thyme and hot pepper sauce; cook, turning occasionally, until hot, about 5 minutes.
Gently stir in ham. Remove from heat. top with avocado cubes. Season with salt and pepper.