Only did it once in the lab. I just added enough water to cover the malt and then put the container in an incubator at 47 °C. It should be covered closely to exclude air and spoilage organisms. After a couple of days the stuff was pretty sour and I dumped it on a cookie sheet and dried it in the oven. It really tasted good. In the drying process I obviously converted some starch to sugar i.e. I really made crystal-sour malt. If it's going straight into the mash tun it is "sour mash" and obviously doesn't need to be dried.
I now "prepare it" by calling my LHBS and saying "Hey Derek, get me a sack of sauermalz."