There is no way you will have 3 phase power in your house, mega $$$ to get that added.
Many people run 3 phase machines using either an VFD (variable frequency drive) inverter ($200-500 depending on HP) or a rotary phase converter ($300-1000+).
The VFD gives you the advantage of precise speed control down to low rpms, with decent torque. The disadvantage is that they usually give something other then a true sine wave output, which can shorten the life of the motor that it drives. Many people intentionally buy 3 phase mills so they can get this type of precise electronic control (e.g. the Grizzly G0519).
VFD is something like this 2HP version for $230:
The rotary phase converter is actually a motor coupled to a generator, and delivers true sine wave output, but doesn't give you the same speed control (at least on the cheap versions).
Rotary converter looks like this:
There are some "static converters" that are really cheap (like $80). Don't buy them; they deliver a bastardized output derived by running one of the legs through a capacitor or inductor to make it lag the other phase by 90 degrees... so you don't end up with three phases 120 degrees apart... which means your motor will overheat and not last long at all.