The laser-based powder bed fusion of metals (PBF-LB/M) offers a variety of advantages over conventional processing techniques and the possibility to recycle and reuse powder increases its sustainability. However, the process and resulting part properties are influenced by a variety of factors including powder recycling grade and residual oxygen content of the process atmosphere. Especially in terms of reactive materials like Ti-6Al-4V, oxidation during processing and recycling determines process stability and reproducibility. This work therefore focusses on the influence of the conventionally varied processing parameters as well as atmosphere residual oxygen content process and powder recycling on the microstructure and mechanical properties. For this purpose, the design of experiments approach is used and by evaluation of regression models, effect sizes and interactions are given. Additionally, two different etching techniques were employed to reveal different aspects of the microstructure. While no significant influence of powder recycling and residual oxygen on the microstructure could be observed, they both significantly influence the mechanical properties. A maximum hardness of 470 HV0.1, a maximum ultimate tensile strength of 1252.3 MPa, and a maximum elongation at break of 17.8 \% were obtained. The results demonstrate the importance of the processing atmosphere’s residual oxygen content and of taking into account the changing powder characteristics during recycling as well as its effect on the part properties.