Cap Exempt H1B transfer related question

Hello Saurav,

I am working in Non profit with my cap exempt H1B. I have to resign within a month because of family resign from this job. I am trying to land on the other jobs and I am getting good response.But I have some questions .I hope you can help me as before you have done.

  1. My last day of work is Sep01 , 2014. Do I need to get another employer before that day.

  2. What if I have job ready and applied within weeks after Sep 01 , 2014.

  3. I am thinking about getting another master’s degree if nothing works out. Can I apply for my for cap exempt while in F1 status

Thank you