I am in the EXACT same boat as you right now. DS is 4.5mos and is probably around early 2nd grade reading (although it could be higher I am not exactly sure). I just posted a thread about my first preschool tour. NOBODY will take him in K. Oh wait I take that back Goddard school will but, it is $600/mo basically daycare. I am a SAHM I don't need him gone all day!
You don't happen to live in Indy do you? Maybe we could start a club, ha ha.