How to install WordPress Buddy Press template?
Themes for BuddyPress are available at:
Make sure that the theme tagged as “buddypress” is compatible with the BP/WP version activated in your server.
As of BuddyPress 1.7, BuddyPress works with most any WordPress out of the box. BuddyPress 1.7 includes base template files that should fit into any WordPress theme without any need to edit code as in previous versions of BuddyPress. Themes that are tagged or suggest they are BuddyPress themes are to be considered themes that have enhanced or customized the base template files that come bundled in the BuddyPress plugin.