Hello,
To install a windows server failover cluster, You'd better use a domain administrator account, or make sure that the account has administrator rights on all servers that you want to add as failover cluster nodes.
https://learn.microsoft.com/en-us/windows-server/failover-clustering/create-failover-cluster#verify-the-prerequisites
The service account of sql server failover cluster instance can be a domain account or managed service account. It is recommended to always run SQL Server services by using the lowest possible user rights.
https://learn.microsoft.com/en-us/sql/database-engine/configure-windows/configure-windows-service-accounts-and-permissions?view=sql-server-ver15
sql server virtual network name -- A computer object (Active Directory computer account) for the SQL Server network resource name will be created when installing the sql server failover cluster.