I made sure to turn off my reference as selectable and no object was selected, I am still not able to create four points by holding CTRL and right clicking. Maybe I have certain preferences I need to enable?
Yes as Martin says. Be sure to be in edit mode and that you have nothing selected, otherwise if you have a vertex selected the command will work as a string of connected vertices. And if you have everything selected, it will function as a duplicate option. Also try downloading a fresh Blender and trying it there, because you may have an addon that is messing things up.