Out of all the tools a guy in a garage uses, a sandblaster uses the most air. A spray gun is second, HVLP guns use a TON of air, about 7-10 CFM's if I remember right. HVLP stands for High Volume Low Pressure. That low pressure part of the name is not the air usage, that refers to the the pressure at the cap. Most decent HVLP guns uses about 10 PSI measured at the cap which requires a special cap for the gun. The other part of the name is High Volume which is what eats away at the compressor CFM's. If you use a HVLP gun you should also use HVLP fittings from the source of the air on the wall all the way to the gun. HVLP fittings are about 3/8" ID and will make a differencve in the way the gun performs, as it was designed. Then you need to take into account the cycle time you use the gun. To get all the way around an all over paint job on a vehicle is about 10 minutes so the compressor needs to be able to keep up for that long. If you have drops in air pressure as you paint you can get orange peel and dry spots as you wait for the compressor to catch up.
I would look at nothing less than a 60 gallon 2 stage compressor. Buy as big a compressor as you can, you won't regret it!