In a medium saucepan over medium heat, warm milk, water, sugar, and salt. Remove from heat, then mix in eggs and yeast until combined.
Measure flour into a large bowl and create a well in the center. Pour the milk mixture into the well; do not stir yet.
Cover with a lid and let stand for 20 to 30 minutes.
Add melted margarine to the flour mixture, mix well. If too sticky, add more flour. Knead lightly, then cover and let rise for 20 to 30 minutes.
Shape dough into 16 rolls and place on a baking sheet. Cover again and let rise for another 20 to 30 minutes.
Preheat the oven to 400°F (205°C).
Bake until golden brown and bounce back when gently pressed, about 15 minutes.
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