So I'm getting ready to pull a motor for the first time out of my 740 to rebuild it. Can anyone give me any tips to make this seem less daunting ?

Take your time labelling things it will make you feel more secure, although personally I never do, I just kind of work it out as I go. If you had a digital camera you could take some pics as you went. I find it best if you remove the tranny X=member so that the engine can tilt easily. I also loosen all the bolts I will be removing while the engine is still in the original position as strain on bolts etc causes them to bind more easily ( except of course the ones you can,t reach until it's out a bit.

If you are pulling only the motor it's a piece of cake. With the tranny attached, especially an automatic, you have to raise the whole thing higher to cross over the front of the car. I'm assuming that you aren't removing the whole front end...

Pulling motor only: two people (three better)
Pulling motor and tranny: three people

Take your time labelling connections. Separate all your nuts and bolts by bags.

Good luck and have fun.
Bean
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'80 242GT 93k, '94 945T 139k, '89 765T 68k (new '94 B230FT)

Or cut all wires and hoses, and you'll be done in under 20 minutes!
My best with 2 friends is 12 minutes, but we were at a disadvantage because the front of the car was all mashed in against the engine. Don't try to do that your first time.

Sometimes it is better to take your time and be methodical. It may help to pull the engine out a little bit before undoing the hoses at the back of the motor.