Re: How to show contents of recent post on the home page
I was just looking into this myself and came up with a quick hack.
<div class="item-content"><?php echo bp_create_excerpt($post->post_content) ?></div>
<div class="item-content"><?php echo $post->post_content ?></div>
This will will show the full post with images, but will not limit the amount of text. You might want to create a function similar to bp_create_excerpt() if you want to limit the amount of text.
Hope this helps.
P.S. I’m new to buddypress and wpmu, so this solution may not be perfect.