Lori,
a friend actually asked me to homeschool her kids way before this, and I did decline, for the reasons you stated...I didn't want the responsibility of maybe not doing a great job, or not doing as stellar of a job as another parent might want. With my bonus student now, he was in 2nd grade, not able to read, just diagnosed with a learning disorder and anxiety..and we could not figure out what the school was doing with all the special ed take-out time they had everyday, he was regressing. He was also throwing huge physical, violent fits to not go to school, and I feared they were going to haul the mom into trauncy court soon. The principal wanted him on prosac. We saw miltary boarding school (the good) in his future, or juvy (the worst scenerio, but possible). So, I guess I felt a freedom in the thought I couldn't do any worse than the public school had done.
We have groups of Bible College boys to our house every Sunday for dinner, my hearts desire is that my bonus student will go on to college (you have to be a college grad first) and then go to this Bible College with my son, and then one day be in my house eating dinner.
He is progressing, not magically, but he is reading at a mid first grade level now...we'll get there soon!