Create a template overload of this file:
buddypress\bp-templates\bp-legacy\buddypress\members\single\profile\edit.php
and adjust it to fit your needs.
Thank you. I was able to move the code below in the edit.php file. However, I could only place it below the field input or above the field label. I cannot position it between the field label and the field input.
<div class="clear"></div>
<?php while ( bp_profile_fields() ) : bp_the_profile_field(); ?>
<div<?php bp_field_css_class( 'editfield' ); ?>>
<?php
$field_type = bp_xprofile_create_field_type( bp_get_the_profile_field_type() );
$field_type->edit_field_html();
do_action( 'bp_custom_profile_edit_fields_pre_visibility' );
?>
<p class="description"><?php bp_the_profile_field_description(); ?></p>
<?php if ( bp_current_user_can( 'bp_xprofile_change_field_visibility' ) ) : ?>
<p class="field-visibility-settings-toggle" id="field-visibility-settings-toggle-<?php bp_the_profile_field_id() ?>">
<?php printf( __( 'This field can be seen by: <span class="current-visibility-level">%s</span>', 'buddypress' ), bp_get_the_profile_field_visibility_level_label() ) ?> <a href="#" class="visibility-toggle-link"><?php _e( 'Change', 'buddypress' ); ?></a>
</p>
