I know this thread is old, but I’m glad I found it. I ran into the same problem as mentioned above, being new to buddypress/bbpress only made things worse, but I follow Dolugen’s tips by deleting a few rows in the DB and I can log in again. *Thank you* Dolugen.
If anyone can help me, or point me towards the right direction, on how to integrate WP/buddypress/bbpress I would really appreciate it.