BuddyPress.org

Never mind, I figured out how to do this correctly. For anyone else that finds this thread and is interested here ya go (everything laid out):

Full Instructions:
http://wpmututorials.com/news/new-features/multiple-buddypress-social-networks/

Plugins:

Install Networks+ or WP Multi Network
http://wpebooks.com/networks/
https://wordpress.org/extend/plugins/wp-multi-network/

Then install BP Multi Network – Upload bp-multi-network.php to /wp-content/mu-plugins
https://wordpress.org/extend/plugins/bp-multi-network/
https://buddypress.org/community/groups/bp-multi-network/

Threads:
http://premium.wpmudev.org/forums/topic/buddypress-on-all-blogs#post-160736

• Create your second WP network with Networks+ / WP Multi Network
• Activate BP on the sub network and go through the installation wizard
• For forums you need to tweak your bb-config.php a bit (this only applies to those using the BP Group Forums option)