Guest Posts or Own PBN Network??

Mix the two. Don't rely on either one too much, especially pbns. Because if you begin to rank, it won't need a rocket scientist to figure out you are using them since your DA/DR will be unrealistically low yet ranking well.

If you have a good budget, go for guest posts and rented pbns. If you have a medium to low budget, then stick to a few guest posts and create your own pbn.

Your own pbn is the perfect definition of a private blog network. Those bought are the exact opposite, the kind that you should be wary of.
 
PBN'S work if you can justify the cost. You will have annual registration and privacy just for the domain and hosting. There is time and expense of building the site and generating enough content to make the site look legit. You are looking at a minimum of $50 per year for hosting and registration. If you need to pay someone to find a domain for you, expect to pay $20 to several hundred dollars for a decent domain. If you can justify the cost by selling links or linking to several money sites it may be worthwhile.

For one money site guest posts may seem like a lot upfront but in the long run are going to be less expensive and possibly more effective because of potential referral traffic.
 
If you think that the price for guest posts is high then you can go for niche edit. In SEO risk involved everywhere PBN, Guest post, Niche edit, etc.
 
Guestpost is good for long run, own PBN network is fine but it takes more time and effort.
 
Guest post is a better choice if you posted on the reputed blogs.
 
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