I wanted to add the actual solution here in this post that was provided by Dana Traversie as seen below.
As a complete novice python programmer, the documentation linked to did not help at all, and quite honestly confused me even more. I found the solution in another CP Communities post, but thought it would make sense to have linked directly to this.
Hopefully this will help others from struggling like I did.
Hello Irek.
Try again with SSL certificate verification disabled:
>>> cc=cpauto.CoreClient('root','password','10.254.253.110',verify=False)