The Jack stands will be placed under the four designated Jack points, the low profile jack will be placed about 6 inches or so from the rear Jack point towards front of car.
Place Jack stand along side of car at the jack point to make sure you have sideways clearance with Jack in place,you can Jack up the entire side of the car and place both Jack stands under each Jack point.
Couple of items:
1. Use a hockey puck on Jack pad to deflect some of the pressure
2. Break lug nuts before jacking (yeah I forgot the first time)
3. Roll windows down as you may have to reach into the car.
4. Buy new caliper bolts (8) and brake retaining kit (2) one kit will do two calipers.
( I am assuming you are taking calipers off to paint)
I followed Pedro's guide to painting the calipers and had no issues at all and they turned out great.
Good luck