Warm milk, water, sugar, and salt in a medium saucepan over medium heat. Remove from heat and mix in eggs and yeast until well combined.

Measure flour into a large bowl; make a well in the center of flour. Pour milk mixture into the well; do not stir. Cover with a lid and let stand for 20 to 30 minutes.

Pour melted margarine into flour mixture; mix well. Add more flour if too sticky. Knead lightly. Cover and let rise for 20 to 30 minutes.

Shape dough into 16 rolls and place on a baking sheet. Cover and let rise again for 20 to 30 minutes.

Preheat the oven to 400 degrees F (205 degrees C).

Bake in the preheated oven until rolls are golden brown and bounce back when gently pressed, about 15 minutes.