I agree: you can't use a standard pump up type of lift easily. However, there are other options that fit the bike well. Two that I'm aware of:
- The Pit Bull Motorcycle Rear Stand for the V7 and V7II also fits the V7III. It picks the bike up via the cross member just below and in front of the exhaust crossover pipe. The only detail is that you have to unbolt and push the V7III EVAP canister out of the way (or relocate it permanently, or remove it altogether), since Guzzi relocated the canister such that it interferes with the Pit Bull stand's operation. https://www.pit-bull.com/moto-guzzi...moto-guzzi-v7-motorcycle-rear-stand-f0096-000
With either of these, if you want to work on the front end or remove the front tire, use a floor or scissors jack (with a block of wood to protect the sump casting) to lift the front of the bike once the bike is securely lifted at the rear with the stand.
A centerstand is most convenient when traveling and you need to have the bike held upright for light maintenance, like oil level checks and changes, but this is something I almost never found myself needing to do since the 1990s with any of my bikes. None of them ever consumed enough oil between service intervals to worry about it, or leaked; if the occasion arose that I felt I had to check the oil, I just ask someone to sit on the bike and hold it up while I do so. The ride-on wheel chock I use for parking does that kind of thing very well also.