Im currently neck deep in ovirt-system-tests and lago 
I see alot of usages about importing VMs from templates, but are there any examples of exporting a VM to template?

Side note I cant find a good source of methods available for use in python-lago-ovirt (or even python-lago). The docs[1] are pretty lacking

[1] http://lago.readthedocs.io/en/latest/lago.html