I am on my second cycle of H1B but never got a visa stamp. If I were to start the green card process through an employer, will I still be able to leave the US to get a visa stamp for my H1b or is there a period during the greencard process when I won’t be able to leave the US?

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You are on valid H1B status till one of the following occurs 1) you max out your H1B limit 2) your i485 gets approved 3) after applying for i485 AOS but before the approval you get your EAD and act as if you already have your green card

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Yes

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when I485 is pending, you can't leave US. If they were to ask you to come for fingerprints and you can't (as you are outside US), it is considered abandonment. You have to refile in that case. Please check with attorney with your specific question...

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