BuddyPress.org

works and bluehost.
Advanced DNS Editor
Add A Records
*.uetblogs.com A xxx.xxx.xxx.xxx

Subdomains
create subdomain *
* .uetblogs.com /public_html

install manually

I installed on bluehost and it worked.
Bluehost problem is that later you will have problems with file count

or as said @ rogercoathup change provider or installed in the subdirectory as said @ mercime

I see that you installed wordpress.
follow the steps and pay attention to what appears.
you to succeed