Fiberglass is the cheapest type of material that tubs are made from.I always recommend only a quality lighter weight cast iron/porcelain tub and proper ceramic tile surround with all new waste, drain, overflow, and supply piping and faucets.

Omnichoice underlay by Healthier Choice works with all lvt and wood products as well as ceramic.

Put a stainless plate, ceramic time on the wall. 

@Rob Duhon,Splurge and get wood looking ceramic tile, it looks beautiful, easy to clean (for tenants and for turnover) ,tenants love it, waterproof, and as a bonus-- it's cold, so a lot of people put down rugs so it's another layer of protection!     

Hi all,I am currently in the process of having vinyl plank installed throughout a rental property to replace the pink ceramic tile that's currently there.

I bullet proof my property as much as possible.  1st off, I'm renting 1000sq ft units, not much to damage, 2nd, my flooring is very durable, either vinyl, laminate  or ceramic tile, 3rd I have their deposit to help offset damages.  

We still use sheet vinyl (or ceramic) in bathrooms though, less penetrations for water to get find it's way to subflooring.

For instance, we are remodeling our condo, and putting in Ceramic Tile that are 10"x36" tiles over the 1600 Sq Ft.

You can supply them on the front end with ceramic tile in kitchen and baths, vinyl plank flooring in den, dining and living rooms (more durable and opens up the space), nicer faucets and fans, new counter tops, etc.  

Ceramic or LVT groutable for the bathroom floor would give you a long lifetime of service.If you're speaking about rentals, I 'd go LVT just based on a maintenance aspect.