HOWTO: Raising the V with a car jack
I recently added Speedy's lowering kit which required lifting the rear wheel off the ground without supporting the swing arm. Here's what I did:
1) With the V on its side stand, put a jack stand under the right-side peg. Put it under the hinge part of the peg that doesn't fold up. The shape of that hinge makes it pretty secure on the jack stand. The jack stand should be set so it just barely fits under the peg. If needed, you can make it slightly higher, then pivot the V over so it's supported on the side stand and front wheel, slide the jack stand under the peg, then set the V back down.
2) Align the car jack under the left-side peg. I recommend using a car jack with wheels under it because the bike is going to step out as it raises.
3) Start raising the car jack. Keep a hand on the seat handles to steady things while you pump the jack. Continue pumping until the V is level.
The V will now be resting on the jack, jack stand, and the front wheel. The rear wheel is now free for all your swing-arm maintenance needs.