I think one of the first things to determine, after you've decided to homeschool, is the logistics. And it all will depend on your family, your life and your personalities.
Since you're studying for your master's, do you have a designated area to read or go online to study? Are you the kind of person who needs a study area? Would it be helpful to set up an area next to your desk for your daughter so you could work together? Or do you just relax on the couch or at the kitchen table whenever you have a free minute to study? Would that work well for your daughter also?
Does your family appreciate schedules? Are you pretty organized? Or are you more relaxed and easy-going?
I'm just trying to get you to think about your family, your habits, and the setup of your home and basic routines. That might give you some insight into how homeschooling will work best.
I found that my son got too relaxed, and was getting too undisciplined with his work after beginning to homeschool him. He was treating it like it was just going to be all reading in bed (which he loved to do), so I had to change things. I had to create a school area and have a start time, a scheduled lunch time, etc. Some families have a part of the room set up like a school room, with a desk and bookshelves. Some would find that too restrictive and they do well with more spontaneity. You need to figure out what kind of family you have, and what will work well for you.
I think most families do best with making the first couple weeks of homeschooling an "observation period". Monitor your child's responses to the homeschool situation, be aware of where you're spending your time in the house (some people cook very time-consuming meals from scratch, so they set up their kids' homeschool study areas near the kitchen, while some people prepare quicker meals or get takeout frequently and are studying or working on the computer so they set up their kids' homeschool areas in the computer room or study) and observe your time schedules. You don't want to be doing errands or joining field trips most of the day and just settling down to homework or workbooks at 7 pm.
It can be so much fun to watch your child learn, and to participate in the process, so enjoy it!