The mechanical behavior, and thus 'trustworthiness'/durability, of engineering components fabricated via laser-based additive manufacturing (LBAM) is still not well understood. This is adversely affecting the continual adoption of LBAM for part fabrication/repair within the global industry at large. Hence, it is important to determine the mechanical properties of parts fabricated via LBAM as to predict their performance while in service. This article is part of two-part series that provides an overview of Direct Laser Deposition (DLD) for additive manufacturing (AM) of functional parts. The first part (Part I) provides a general overview of the thermo-fluid physics inherent to the DLD process. The objective of this current article (Part II) is to provide an overview of the mechanical characteristics and behavior of metallic parts fabricated via DLD, while also discussing methods to optimize and control the DLD process. Topics to be discussed include part microstructure, tensile properties, fatigue behavior and residual stress - specifically with their relation to DLD and post-DLD process parameters (e.g. heat treatment, machining). Methods for controlling/optimizing the DLD process for targeted part design will be discussed - with an emphasis on monitored part temperature and/or melt pool morphology. Some future challenges for advancing the knowledge in AM-part adoption are discussed. Despite various research efforts into DLD characteristics and process optimization, it is clear that there are still many areas that require further investigation.