The reaction of Cp*ReCl4, [Cp*ReCl3](2), or [Cp*ReCl2](2) (Cp* = eta (5)-C5Me5) with LiBH4 leads to the formation of 7-skeletal-electron-pair (7-sep) (Cp*ReH2)(2)(B2H3)(2) (1) together with Cp*ReH6. Compound 1 is metastable and eliminates Hz at room temperature to generate 6-sep (Cp*ReH2)(2)B4H4 (2). The reaction of 2 with BH3(.)thf produces 7-sep (Cp*Re)(2)B7H7, a hypoelectronic cluster characterized previously. Heating of 2 with 1 atm of CO leads to 6-sep (Cp*ReCO)(Cp*ReH2)B4H4 (3). Both 2 and 3 have the same bicapped Re2B2 tetrahedral cluster core structure. Monitoring the reaction of 2 with CO at room temperature by NMR reveals the formation of a 7-sep, metastable intermediate, (Cp*ReCO)(Cp*ReH2)(B2H3)(2) (4), which converts to 3 on heating. An X-ray structure determination reveals two isomeric forms (4-cis and 4-trans) in the crystallographic asymmetric unit which differ in geometry relative to the disposition of the metal ancillary ligands with respect to the Re-Re bond. The presence of these isomers in solution is corroborated by the solution NMR data and the infrared spectrum. In both isomers, the metallaborane core consists of fused B2Re2 tetrahedra sharing the Re-2 fragment. On the basis of similarities in electron count and spectroscopic data, 1 also possesses the same bitetrahedral structure. The reaction of 2 with Co-2(CO)(8) results in the formal replacement of the four rhenium hydrides with a 4-electron Co-2(CO)(5) fragment, thereby closing the open face in 2 to produce the 6-sep hypoelectronic cluster (Cp*Re)(2)Co-2(CO)(5)B4H4 (5). These reaction outcomes are compared and contrasted with those previously observed for 5-sep (Cp*Cr-2)(2)B4H8.