what happens if you desolve a HOA?

Dissolving an HOA is very complicated and to be honest, I have never seen it happen in my career.

The managing company, if members don't pay, will levy a lien against the property. Typically this goes through an attorney's office and usually when HOA dues are 12 months behind, the HOA will foreclose on the unit...and any proceeds from the sale are used to pay back the HOA dues.

If your HOA has 1,000 units, I can tell you now, that dissolving the HOA is going to drop your property values like a bomb.

The rules and guidelines for dissolving the HOA are described in the By laws

If no money is collected then no repairs will be done, employees not paid, Insurance liability for common areas has lapsed, property taxes not paid.

This jeopardizes the 1000 units and their owners

It's already written into the bylaws. You would have to check that out. The chance of an HOA being dissolved is very slim. Those monies are collected to maintain common areas.

Dissolving HOA is probably not the best solution because before that you may face foreclosure. Try out other solutions as per rules and regulations prescribed under the byelaws.