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*note: not tested ! http://blog.allanglesit.com/2011/03/kvm-guests-using-virt-install-to-import-an-existing-disk-image/
3. You need the root password (or a user account) Break in (not tested)is a challenge for Fedora 20 - probably go to rescue media if you try, you can get into single-user:
*boot the vm and hit escape several times - this may take a couple of tries
*when you see the blue boot screen, hit <TAB> for boot options