Easy Chris,
Firstly if you remove your rudder you won't SINK! nor will any water come into the cockpit [Newtons Law].
1. Remove the Tiller block.
2. With scuba or hooka remove the 3 or 4 bolts in the rudder shoe. If they have never been removed before its a file and a 6" punch to remove them [they are burred over bronze pins but you will replace them with SS bolts, which you replace about every 5 years as the thread corrodes].
3. Slide the rudder down, you need at least a metre clearance below the keel.
4. With the rope you attached before doing all this, haul the rudder to surface and deal with to your hearts content.
5. While the rudder is off you can now remove the propellor and service that also [maybe on the slip?].
Phillip.
PS Watch out for the sharks.