In a stand mixer bowl fitted with the paddle attachment, stir together 2 ½ cups of flour, sugar, yeast, and salt.
Combine water, milk, and butter. Microwave to 120 degrees. Pour into flour mixture and beat just until combined. Change the mixer attachment to the kneading hook.
Add 1 cup of flour and mix on medium until the flour is combined into the dough.
Continue adding flour a spoonful at a time until the dough forms a ball and no longer sticks to the side.
Continue mixing with the kneading hook for 3 minutes. Place on a lightly floured pastry board and allow to rest for 10 minutes.
Divide dough into 24 pieces. Shape into balls and place in two round cake pans. Cover and allow to rise for 30 to 45 minutes or until doubled in size.
Meanwhile, preheat the oven to 375 degrees.
Bake for about 20 minutes or until done.