virt-install
--name=<VM name>
--ram=<memory in MB>
--location=http://ftp.nz.debian.org/debian/dists/<version>/main/installer-amd64/
--os-type=linux
--os-variant=debiansqueeze
--disk=/img/<vm name>.img,device=disk,bus=virtio,size=<disk size GB>,sparse=true,format=raw

virt-install
--name <VM name>
--ram <memory>
--disk path=/img/<VM name>.img
--import --noautoconsole --force

• Create VM with a bridge attached to eth0

--network=bridge=eth0,model=virtio

• Run install over console

--extra-args=console=ttyS0,115200

• Installing to an LVM Pool instead. Replace disk line with this one. You'll end up with a volume called <vmname>.img

--disk pool=<pool name>,size=<size in GB>,bus=virtio,cache=none

• If you want a specific name you'll need to create the LV manually first.

virsh vol-create-as <pool name> <LV Name> <size>

• And then use this line to specify it.

--disk vol=<poolname>/<LVname>,bus=virtio,cache=none

virsh console <VM name>

On the VM edit /etc/default/grub and update GRUB_CMDLINE_LINUX

GRUB_CMDLINE_LINUX="text console=tty0 console=ttyS0,115200n8"

Finally run update-grub as root.