BuddyPress.org

I have found a fix for the problem. To fix this issue, navigate to your BuddyPress Settings page and under the option “Select theme to use for BuddyPress generated pages:” select the skelton theme and save the settings.

Now return and select the default theme and click Save Settings. It should work now.

For some reason it was not finding the theme originally but after the switch it found the theme right away.