I agree with Chip's comments.
There are two types of three phase service available from power companies, delta and wye. Chip mentions the "high leg", which is delta-connected three phase. This is the type which most phase converters supply. You get true 240 volt three phase, but you only have the possibility of regular single phase 120 volt branch circuits with the delta connection from a single phase. The reason is that the voltage to neutral of the third or "high" leg is 208 volts, which you cannot use for ordinary household loads.
The wye connection supplied by the power company is at 208 volts three phase. There is no high leg, and the voltage to neutral for all three legs of the wye connection is 120 volts. So you can, with the wye connection, truly do load balancing between all three phases for household use. Many small businesses, schools, and churches are supplied this way.
One drawback of the 208 volt wye supply is that most three phase machine tools want 240 volts and virtually all single phase household machines such as dryers, ranges, and air conditioners also want 240 volts and not 208. Most of these devices would run on 208, but would draw more current and have slightly lower output and efficiency.
I agree with Chip. You probably just want to keep your plain vanilla single phase supply, and either build yourself a good rotary converter or go the VFD route. I built myself a great rotary, and I have piped its output to a separate three phase distribution panel, which I find works great.