tarzan56007,
I think you may be missing JustSomeGuys point. If you have some smaller 3 phase motors that need to run from 1 phase service, buy an inexpensive VFD for each motor. Most small VFDs (up to 3HP) are iherently capable of converting your 1 phase to 3 phase. You can easilly find a 3HP 230V VFD for around $300 if you search enough, 2HP should cost around $225, 1HP under $200! If you can only afford 1, put a twist-lock plug on it with matching sets on the motors and move it around for the motor you need to run!
It can also be done at any size like he said, although JSG's formula is a bit off. Over 3HP you really need to double the size of the VFD to allow for the increased 1 phase current on the AC-DC converter section. The current drawn by the 1 phase source will be 1.732 x the 3 phase motor current (plus a little for efficiency losses). At 1.5x it might work if the nameplate FLA happens to fit right, but 2x is a safer bet. The sizing has to do with the capacity of the diodes on the rectifier bridge, AND the necessary capacitors needed to filter the increased ripple from having only 1 phase power.
As to the VFD running a 3 phase motor, that is all they ever do! Think of the output of the VFD as a completely new power source for the motor, created by the VFD specifically for that motor. The input is just the power source for the VFD, and what goes in is mostly irrelevant as far as the motor goes. Some VFDs will even accept DC input power (at the right voltage of course).
BTW as aolalde said, you will end up with unbalanced 3 phase using the motor method, and in the long run that will increase heat in your downstream motors, shortening thier life.
"Venditori de oleum-vipera non vigere excordis populi"