Brown the bacon in a skillet and reserve drippings.
Wash the liver and slice into thin (¼ to ½ inch) slices.
Rinse well and pat dry.
In a medium size bowl, mix together the coconut flour, salt, garlic powder, and pepper.
Grease the bottom of a 9x13 inch baking dish with the bacon drippings.
Dredge the liver slices in the coconut flour mixture and place in the baking dish.
Thinly slice the onions into rings and layer on top of the liver slices.
Cut butter in to small pats and place over sliced onions.
Add the water to the pan to keep all moisture from cooking off.
Place the pan in the oven and cook at least 30-40 minutes or until well cooked and onions are soft. It may take up to an hour depending on the thickness of the liver slices.
While the liver is cooking, crumble or cut the bacon into little pieces.
Remove the liver from the oven, sprinkle with bacon pieces, and enjoy!
Notes
If desired, you can sprinkle the onions with additional spices before adding the butter.